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IBD Rating Upgrades: Ubiquiti Networks Flashes Improved Relative Price Strength

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In a welcome move, Ubiquiti Networks ( UBNT ) saw its Relative Strength Rating improve from 67 to 73 on Tuesday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves. See if Ubiquiti Networks can continue to rebound and clear that threshold.

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Ubiquiti Networks is working on a cup with handle with a 66.84 buy point . See if it can break out in heavy trade.

The company showed 9% earnings growth in its most recent report. Revenue gains came in at 23%.

Ubiquiti Networks earns the No. 1 rank among its peers in the Telecom-Infrastructure industry group. Broadsoft ( BSFT ) and Zayo ( ZAYO ) are also among the group's highest-rated stocks.

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


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

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