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Shares of Gogo Inc Rise Above Previous 52-Week High

By Nick Russo

Gogo Inc (NASDAQ:GOGO) traded today at a new 52-week high of $13.95. This new high was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.

In the past 52 weeks, shares of Gogo Inc have traded between a low of $7.80 and a high of $13.95 and are now at $13.94, which is 79% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 0.2%.

Gogo Inc has overhead space with shares priced $13.94, or 0.4% below the average consensus analyst price target of $14.00. The stock should hit resistance at its 200-day moving average (MA) of $14.74, as well as support at its 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 7.1%. 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