Another stock in the communications equipment complex that's trading within range of triggering a major breakout trade is Ubiquiti Networks ( UBNT), which offers a portfolio of wireless networking products and solutions, including systems, high-performance radios, antennas and management tools, designed for wireless networking and other applications in the unlicensed radio frequency spectrum. This stock has been destroyed by the bears during the last six months, with shares down by 65%. If you look at the chart for Ubiquiti Networks, you'll notice that this stock recently gapped down huge from over $15 to below $9 a share with monster volume. Following that gap down, shares of UBNT went on to print a new 52-week low at $7.80 a share. That said, the stock has started to rebound off that low with decent upside volume, and it's now trending very close to breaking out and entering that gap down zone. If UBNT can sustain a move into that gap, then this stock could bet setting up to explode higher. >>5 Tech Stocks to Trade (or Not) Traders should now look for long-biased traders in UBNT if this stock can manage to break out above some near-term overhead resistance at $9.45 a share, and if it can take out its gap down day high of $9.53 with high volume. Look for a sustained move or close above those levels with volume that registers near or above its three-month average action of 952,273 shares. If that breakout triggers soon, then UBNT could easily rip higher and fill some of that gap back towards $11.50 to $12.32 a share, or possibly even higher. At last check, UBNT has printed an intraday high of $9.50 and volume is clocking in above 300,000 shares. One could buy this stock off weakness and simply use a stop right around some near-term support at $8.72 a share. Or you can buy off strength once $9.45 to $9.53 a share gets taken out with high volume, and then use a stop near today's low of $8.95 a share.