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Watch for Continued Gains in Shares of Boingo Wireless (WIFI)

By David Diaz

Shares of Boingo Wireless (NASDAQ:WIFI) traded today at $35.04, breaking its 52-week high. So far today approximately 72,000 shares have been exchanged, as compared to an average 30-day volume of 623,000 shares.

Boingo Wireless (NASDAQ:WIFI) is currently priced 12.3% above its average consensus analyst price target of $30.72. Boingo Wireless shares have support at the 50-day moving average (MA) of $28.32 and additional support at the 200-day MA of $24.83.

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.

In the past 52 weeks, shares of Boingo Wireless have traded between a low of $20.02 and a high of $35.04 and are now at $35.01, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.69% higher and 3.16% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Boingo Wireless on August 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.50. Since that recommendation, shares of Boingo Wireless have risen 16.6%. 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