ANET Coils in TTM Squeeze at $131.84, Breakout Imminent

Arista Networks Inc (ANET) closed up 0.82% at $131.84 on December 27.

Technical indicators paint a mixed picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($129.66). The 21-day EMA sits at $130.18.
• Momentum: RSI at 55.8 is in neutral territory. MACD is bullish (-0.74 vs signal -1.76).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $122.94, Resistance at $134.69.