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Ubiquiti Network Falls 1.33% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Ubiquiti Network (NASDAQ:UBNT) traded in a range yesterday that spanned from a low of $109.31 to a high of $112.10. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $109.43 on volume of 196,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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, shares of Ubiquiti Network have traded between a low of $79.99 and a high of $174.95 and are now at $110.44, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 0.37% lower over the past week, respectively.

Keywords: rebounders ubiquiti network

Ticker(s): UBNT