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Volume +231% Above Average With Breakout Gain - Friday, March 26, 2021
Ubiquity Inc (UI +$48.32 or +14.15% to $389.88) finished strong after highlighted in yellow with pivot point cited based on its 2/10/21 high plus 10 cents in the earlier mid-day report (read here). It gapped up today and powered into new (N criteria) all-time high territory with a considerable volume-driven gain triggering a technical buy signal. It found support above its 50-day moving average (DMA) line since last noted in the 2/05/21 mid-day report.Earnings rose +81% on +56% sales revenues for the Dec '20 quarter versus the year ago period. Recent quarterly comparisons show accelerating sales revenues and strong earnings growth near or well above the +25% minimum guideline (C criteria). It has a highest possible Earnings Per Share Rating of 99. Annual earnings growth has been strong and steady (A criteria).
The number of top-rated funds owning its shares rose from 322 in Mar '20 to 325 in Dec '20. Its current Up/Down Volume Ratio of 1.5 is an unbiased indication its shares have been under accumulation over the past 50 days. There is a small supply of of only 6.3 million shares (S criteria) in the public float, which can contribute to greater volatility in the event of institutional buying or selling. The Telecom - Infrastructure group currently has a Group Relative Strength Rating of 92 and it is rated 16th on the 197 Industry Groups list.
