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Arista Networks Stock Shows Rising Relative Strength Upgrade

Investor's Business Daily ·  Feb 3, 2023 14:26

In a welcome move, Arista Networks stock saw its Relative Strength Rating rise from 69 to 76 on Friday.

When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Arista Networks stock can continue to rebound and clear that threshold.


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Is Arista Networks Stock A Buy?

Arista Networks stock is working on a cup without handle with a 140.91 buy point. See if it can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

Taking a look at top and bottom line numbers, Arista Networks stock has posted four quarters of accelerating earnings growth. Sales growth has also increased during the same period. The cloud networking company is expected to release its next quarterly numbers on or around Feb. 13.

Arista Networks stock holds the No. 1 rank among its peers in the Computer-Networking industry group.

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