Arista-Buy the Dip on This Computer Networking Stock

Core Viewpoint - Arista Networks Inc (NYSE:ANET) shares are experiencing a pullback, currently down 4.1% at $94.28, marking their fourth consecutive daily decline and a 15.2% drop year-to-date, but a potential breakout may be on the horizon due to a historically bullish trendline [1] Group 1 - ANET has approached its 200-day moving average after spending 80% of the last two months above it, including 8 of the last 10 trading days [2] - This pattern has historically led to an average gain of 14.4% one month later in 86% of similar instances, suggesting a potential rise to$ 107.86, which would enhance its 40% year-over-year gain [3] - The stock's 14-day relative strength index (RSI) of 27.1 indicates an "oversold" condition, typically preceding a short-term bounce [4] Group 2 - Options for ANET appear attractively priced, with a Schaeffer's Volatility Index (SVI) of 48% ranking in the 14th percentile of its annual range, suggesting low volatility expectations from options traders [4]