Arista Networks (ANET) is already a market winner, and now it has formed a bullish pattern that presents the possibility of further gains.
Having already soared about 75% from a breakout on Aug. 15, Arista shares have now formed a four-weeks-tight pattern with a buy point at 135.37. This type of pattern is not intended for first-time buyers of a stock. Rather, it’s best used to add shares on a stock on which investors have built a profit.