The following stocks were among the best performers for the week: Ubiquiti Networks, Inc, AboveNet, Inc, Esterline Technologies Corp, Western Digital Corp, and Watson Pharmaceuticals, Inc.
Shares of Ubiquiti Networks, Inc (UBNT) had a total return gain of 12.85% for the week and are currently trading at $30.38. In the past year, the shares have traded as low as $16.25 and as high as $29.33. On average, 287070 shares of UBNT exchange hands on a given day and today's volume is recorded at 706060. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $24.49 area where the stock will likely see buying pressure.
Shares of AboveNet, Inc (ABVT) had a total return gain of 11.93% for the week and are currently trading at $83.11. In the past year, the shares have traded as low as $49.79 and as high as $84.54. On average, 266960 shares of ABVT exchange hands on a given day and today's volume is recorded at 1284324. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $70.30 area where the stock will likely see buying pressure.
Shares of Esterline Technologies Corp (ESL) had a total return gain of 11.8% for the week and are currently trading at $75.2. In the past year, the shares have traded as low as $47.48 and as high as $82.28. On average, 225690 shares of ESL exchange hands on a given day and today's volume is recorded at 1659659. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $64.50 area where the stock will likely see buying pressure.
Shares of Western Digital Corp (WDC) had a total return gain of 10.93% for the week and are currently trading at $42.44. In the past year, the shares have traded as low as $22.64 and as high as $42.40. On average, 3925720 shares of WDC exchange hands on a given day and today's volume is recorded at 6031283. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $38.04 area where the stock will likely see buying pressure.
Shares of Watson Pharmaceuticals, Inc (WPI) had a total return gain of 10.92% for the week and are currently trading at $65.23. In the past year, the shares have traded as low as $54.10 and as high as $73.35. On average, 2249040 shares of WPI exchange hands on a given day and today's volume is recorded at 2486886. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $64.11 area.
