Trading Opportunities This Week For ANET, MAR, TSLA
Markus Gabel | Jul 14, 2016 08:37AM ET
Arista Networks (NYSE:ANET):
The Arista stock has been able to recover considerably since the beginning of the year, and achieved a temporary high of $75.40 at the start of June. Just at that point in time, an insider sold a large number of units within a short period of time. In approx. 4 weeks, Arista will publish the new quarterly figures. Significant weakness can already be seen in the chart, such that the DowHow setup is already showing a short signal again. There are two options here. Longer-term traders speculate on a trend continuation and have their stop above $88.56. Short-term oriented traders switch to the smaller trend sizes and try to cut out a nice slice of the cake on the way downwards.
Marriott International Inc (NASDAQ:MAR):
Marriott International Inc. (Marriott) is one of the largest hotel operators worldwide. Furthermore, the group is active as a franchisor and licensor for hotels, corporate housings and part-time apartments. Among the most well-known brands of the group are the Marriott Hotels & Resorts, Ritz Carlton and Bulgari Hotels & Resorts. In November 2015, the Marriott announced its intention to take over its competitor Starwood Hotels & Resorts Worldwide (NYSE:HOT). The acquisition is expected to be finalized in mid-2016. Whether Marriott’s speculation has backfired with this acquisition is anyone’s guess. In any case, the chart is showing very clear selling signals. The current correction zone runs between $63.95 and $79.88. After its last low at $56.43, the value was able to recover up to $73.89, and since then, our DowHow signal has been displaying clear selling chances. With a stop above the red box, one can speculate on a run-up to the last point two at $56.43.
Tesla (TSLA):
Tesla Motors Inc (NASDAQ:TSLA). develops and markets high-quality electric sports cars. In addition, the vehicle manufacturer also develops and produces electric drive components. But Tesla has recently been making negative headlines due to a fatal accident with one of its autopilot cars. However, the chart had already been pointing in the southerly direction for a long time beforehand. Since the last high at $269.34, the DowHow signals have been sending clear warning signals. After the last recovery, a new chance is now available to traders who are so-inclined to speculate on further slippage of the value. But careful, this value could still be shaken by many a piece of news.
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