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Shares of UBNT Up 39.0% Since Uptrend Call on Shares

By Nick Russo

SmarTrend identified an Uptrend for Ubiquiti Network (NASDAQ:UBNT) on January 8th, 2019 at $103.62. In approximately 2 months, Ubiquiti Network has returned 38.97% as of today's recent price of $143.99.

Ubiquiti Network share prices have moved between a 52-week high of $148.68 and a 52-week low of $66.73 and are now trading 116% above that low price at $143.99 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.3%.

Ubiquiti Networks Inc. offers a broad and expanding portfolio of wireless networking products and solutions. The Company's products and solutions, include high performance radios, antennas and management tools that have been designed to deliver carrier class performance for wireless networking and other applications in the unlicensed radio frequency, or RF, spectrum.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ubiquiti Network shares.

Log in and add Ubiquiti Network (UBNT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights ubiquiti network

Ticker(s): UBNT