UBNT Crosses Above Key Moving Average Level

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In trading on Wednesday, shares of Ubiquiti Networks Inc (Symbol: UBNT) crossed above their 200 day moving average of $40.62, changing hands as high as $40.68 per share. Ubiquiti Networks Inc shares are currently trading up about 1.9% on the day. The chart below shows the one year performance of UBNT shares, versus its 200 day moving average: Ubiquiti Networks Inc 200 Day Moving Average Chart

Looking at the chart above, UBNT's low point in its 52 week range is $15.59 per share, with $56.8496 as the 52 week high point - that compares with a last trade of $40.65.

According to the ETF Finder at ETF Channel, UBNT makes up 2.17% of the PowerShares DWA Technology Momentum Portfolio ETF (Symbol: PTF) which is trading higher by about 1.3% on the day Wednesday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: UBNT , PTF

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