• Return to Headlines

Ubiquiti Network Rises 1.41% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Ubiquiti Network (NASDAQ:UBNT) traded in a range yesterday that spanned from a low of $169.12 to a high of $171.07. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $168.19 on volume of 184,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ubiquiti Network share prices have moved between a 52-week high of $171.07 and a 52-week low of $69.45 and are now trading 146% above that low price at $170.62 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has risen 1.2%.

SmarTrend is tracking the current trend status for Ubiquiti Network and will alert subscribers who have UBNT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ubiquiti network

Ticker(s): UBNT