TradingKey – Arista Networks (NYSE: ANET), which currently has a price of 184.87, is bouncing back from the support of the rising trend line on the 4h time-frame. With a relative strength index (RSI) of 67.20 indicating bullish momentum, the trend line seems to have been held in place by the bulls and the technical picture now points towards the 196.92 to 202.86 level.

Arista rose 7.06% on July 8, after it said demand for its networking products to facilitate artificial intelligence (AI) is picking up as it begins supplying its new 1.6Tbps Ethernet switching platform, the Arista 7060XE7 Series. This series is intended to cater to AI infrastructure within a rack scale, and the firm’s new switch has already been adopted by Meta,…