Credit: Shutterstock photoThe Relative Strength ( RS ) Rating for Ubiquiti Networks ( UBNT ) entered a new percentile Thursday, with an increase from 79 to 82.
[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves.
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Ubiquiti Networks broke out earlier, but has fallen back below the prior 66.84 entry from a cup with handle . If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the most recent pattern is a later-stage base, and those involve more risk.
Earnings growth rose last quarter from 9% to 16%, but the top line fell from 23% to 20%.
The company earns the No. 2 rank among its peers in the Telecom-Infrastructure industry group. Ubiquiti Networks ( UBNT ) is the No. 1-ranked stock within the group.
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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.
