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Boingo Wireless Crosses Below its 10-day MA (WIFI)

By James Quinn

Boingo Wireless (NASDAQ:WIFI) crossed under its 10-day moving average of $18.03 on a volume of 165K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Boingo Wireless have traded between a low of $17.14 and a high of $35.98 and are now at $17.76, which is 4% above that low price. The 200-day and 50-day moving averages have moved 0.97% lower and 1.46% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Boingo Wireless and will alert subscribers who have WIFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses boingo wireless

Ticker(s): WIFI