Arista Networks stock price (ANET) returned higher in latest intraday trading, confirming the breach of the pivotal resistance of $98.80, amid the dominance of the upward correctional trend in the short term, with ongoing positive pressure due to trading above the 50-day SMA, coupled with positive signals from the Stochastic despite reaching overbought levels.

Therefore we expect more gains for the price as long as it settles above $98.80, targeting the resistance of $112.00.

Todays price forecast: Bullish