Long Position on UBNT @ $87.90 on 7/24/2018 (Momentum)

Bullish Flag on $UBNTUbiquiti Networks, Inc. (UBNT) develops networking technology for service providers, enterprises, and consumers worldwide.

The company's service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, and other complimentary WLAN products.

Its products and solutions include radios, antennas, software, communications protocols, and management tools to deliver carrier and enterprise class wireless broadband access and other services in the unlicensed RF spectrum.

The company also provides technology platforms, such as airMAX platform, which includes proprietary protocols that contain technologies for minimizing signal noise; EdgeMAX, a disruptive software and system routing platform; airFiber, a point-to-point radio system; and UFiber platform to build fiber Internet networks.

In addition, it offers UniFi Enterprise Wi-Fi System that includes Wi-Fi certified hardware with a software based management controller; UniFi Video IP cameras for data transmission and power-over-Ethernet; UniFi Switches that deliver performance, switching, and PoE+ support for enterprise networks; and UniFi Security Gateway that extends the UniFi enterprise solutions to provide routing and network security, as well as develops AmpliFi platform, a Wi-Fi system solution for connected homes.

Further, the company provides embedded radio products; and mounting brackets, cables, and power over Ethernet adapters. 

Shares have formed a bullish "flag" and are expected to move higher out of this formation. The formation is supported by the stock's 50-day moving average shown in brown. 

Entry Point: $87.90

Stop Loss: $83.50

Trading Range: $47.78 - $89.99

Target Price: $96.70

Updates

9/13/2018 9:34:39 AM

UBNT closed at $98.00

Position closed on 9/13/2018 at price of $98.00 with a 11.49% gain in 51 days.

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