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Boingo Wireless: The Winning Streak Continues (WIFI)

By Nick Russo

Shares of Boingo Wireless (NYSE:WIFI) traded today at $21.10, breaking its 52-week high. Approximately 141,000 shares have changed hands today, as compared to an average 30-day volume of 179,000 shares.

Boingo Wireless, Inc. provides mobile internet services. The Company's solution includes software for Wi-Fi enabled devices, such as smart phones, laptops and tablet computers, and its back-end system infrastructure that detects and enables one-click access to its global Wi-Fi network.

Based on a current price of $21.05, Boingo Wireless is currently 16.7% above its average consensus analyst price target of $17.54. The stock should find initial support at its 50-day moving average (MA) of $7.44 and further support at its 200-day MA of $7.36.

Over the past year, Boingo Wireless has traded in a range of $8.10 to $21.10 and is now at $21.05, 160% above that low. The 200-day and 50-day moving averages have moved 0.43% lower and 1.89% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Boingo Wireless on August 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.81. Since that recommendation, shares of Boingo Wireless have risen 15.0%. We continue to monitor WIFI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows boingo wireless

Ticker(s): WIFI