• Return to Headlines

Shares of Gogo Inc Has Risen Above Previous 52-Week High

By Nick Russo

Shares of Gogo Inc (NASDAQ:GOGO) traded today at $14.09, breaking its 52-week high. This new high was reached on below average trading volume as 94,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

In the past 52 weeks, Gogo Inc share prices have been bracketed by a low of $7.80 and a high of $14.09 and are now at $14.00, 79% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1.2%.

Gogo Inc (NASDAQ:GOGO) is currently priced 0.0% above its average consensus analyst price target of $14.00. Gogo Inc shares should encounter resistance at the 200-day moving average (MA) of $14.74 and support at the 50-day MA of $11.09.

Gogo Inc. provides in-flight connectivity systems and services. The Company offers online aircraft systems, wireless digital entertainment and other services in the commercial and business aviation markets.

SmarTrend recommended that subscribers consider buying shares of Gogo Inc on August 3rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.88. Since that recommendation, shares of Gogo Inc have risen 8.8%. We continue to monitor GOGO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows gogo inc

Ticker(s): GOGO