Ubiquiti is a swiftly growing vendor of Wi-Fi devices mainly for hotels and open areas. Recently, the Sanford C. Bernstein rating desk and Bank of America reiterated their “outperform” outlook on shares of the company.

Its net margins are intended to increase by more than 20%, as well as its operating margin. Moreover, gross sales are awaited at $558 million for the current fiscal year while only $321 million were reported in 2013, so a 74% rise. The company still being fair reckoned, for P/E ratio represents 22.9 times 2014 benefits. Analysts polled by Thomson-Reuters reflected positive expectations on the ability of ubiquity on creating higher benefits for 2014 and 2015.

The stock has been falling since the beginning of March; this downtrend drove prices near the crossing point between the USD 42 support and the upper trend line. Now, this key point should help the security in the process of retaking the bullish trend in order to attain the USD 49.8 place. Even if daily moving averages doesn’t move accordingly to this possibility, weekly moving averages orientation clearly stands up for a recovery. Therefore, there is a strong probability that shares fold a bit before resuming the positive movement.

Consequently, investors could take long position on Ubiquiti seeking for USD 49.7 as target and stopping losses once the equity draw the USD 38.8 level.