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Watch for Ubiquiti Network to Potentially Rebound After Falling 3.36% Yesterday

By David Diaz

Ubiquiti Network (NASDAQ:UBNT) traded in a range yesterday that spanned from a low of $66.73 to a high of $70.39. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $68.34 on volume of 309,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ubiquiti Network share prices have moved between a 52-week high of $82.30 and a 52-week low of $36.13 and are now trading 87% above that low price at $67.49 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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.

Keywords: rebounders ubiquiti network

Ticker(s): UBNT