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Shares of Ubiquiti Network Are Up on Strong Volume (UBNT)

By David Diaz

The price of Ubiquiti Network shares has climbed to $97.34 (a 1.5% change) on heavy trading volume. About 441,000 shares have been traded today, as compared to the 30-day average volume of 358,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Ubiquiti Network. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ubiquiti Network in search of a potential trend change.

In the past 52 weeks, Ubiquiti Network share prices have been bracketed by a low of $36.13 and a high of $98.39 and are now at $97.57, 170% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Keywords: unusual volume ubiquiti network

Ticker(s): UBNT