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UI Stock Tickeron detected bullish Stock Pattern: Broadening Bottom UI on May 10, 2024, netting in a 26.77% gain over 4 weeks

A.I.dvisor
at Tickeron.com
05/16/24
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+26.77% Gain from a Successful pattern Broadening Bottom
UI - Ubiquiti
Ticker: UI
Company: Ubiquiti
Gain: +26.77%
Confirmed: 05/10/24
Succeeded: 05/13/24
Total length: 28 days
On April 15, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bullish) for Ubiquiti (UI, $106.47). On May 10, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $129.73. 3 days later, on May 13, 2024, UI reached the target price resulting in a +2 for traders who took a long position in the stock.

Momentum Indicator for UI turns positive, indicating new upward trend

UI saw its Momentum Indicator move above the 0 level on August 15, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at .

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General Information

a company, which sells networking equipment and provides related software platforms

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
N/A
Address
685 Third Avenue
Phone
+1 646 780-7958
Employees
1535
Web
https://www.ui.com