Saturday, November 12, 2011 9:56:11 PM
Ubiquiti Networks (UBNT) -
http://stockpickr.com/5-stocks-setting-break-out.html-12
>>> A stock in the computer services sector that looks poised to break out is Ubiquiti Networks (UBNT), which designs, manufactures and sells broadband wireless solutions worldwide. This stock is off to a hot start since it IPO'd back in October, with shares up by around 7%.
This stock is popping over 7% today after the company reported profits that nearly tripled in the first quarter following their introduction of its AirVision IP video surveillance platform, its third product.
If you look at the chart for Ubiquiti Networks, you’ll notice that this stock started trading on Oct. 17 at around $17 a share. Since the IPO debut, the stock soared and hit an all-time high of $21.50 a share. After hitting that high, the stock dropped back down to $18.50 but has now rallied back to its current price of just under $20 a share.
Traders should put this IPO on their trading radar for a breakout trade in the near-term if it can manage to move back above that all-time high of $21.50 on high volume. Look for a volume move over that level that tracks in close to or above its average action of 292,660 shares. The stock actually hit $21.50 today but failed to move higher.
>>Stocks Hitting 52-Week Highs
Once could simply be a buyer of this stock once it sustains a move and close over $21.50. I would simply use a very tight mental stop at around $21.20 or even $21 in case the breakout fails. If this breakout does indeed hold, then I would look for a monster spike since it would mean the stock <<<
http://stockpickr.com/5-stocks-setting-break-out.html-12
>>> A stock in the computer services sector that looks poised to break out is Ubiquiti Networks (UBNT), which designs, manufactures and sells broadband wireless solutions worldwide. This stock is off to a hot start since it IPO'd back in October, with shares up by around 7%.
This stock is popping over 7% today after the company reported profits that nearly tripled in the first quarter following their introduction of its AirVision IP video surveillance platform, its third product.
If you look at the chart for Ubiquiti Networks, you’ll notice that this stock started trading on Oct. 17 at around $17 a share. Since the IPO debut, the stock soared and hit an all-time high of $21.50 a share. After hitting that high, the stock dropped back down to $18.50 but has now rallied back to its current price of just under $20 a share.
Traders should put this IPO on their trading radar for a breakout trade in the near-term if it can manage to move back above that all-time high of $21.50 on high volume. Look for a volume move over that level that tracks in close to or above its average action of 292,660 shares. The stock actually hit $21.50 today but failed to move higher.
>>Stocks Hitting 52-Week Highs
Once could simply be a buyer of this stock once it sustains a move and close over $21.50. I would simply use a very tight mental stop at around $21.20 or even $21 in case the breakout fails. If this breakout does indeed hold, then I would look for a monster spike since it would mean the stock <<<
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