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Watch for Gogo Inc to Potentially Rebound After Falling 11.93% Yesterday

By Amy Schwartz

Gogo Inc (NASDAQ:GOGO) traded in a range yesterday that spanned from a low of $4.15 to a high of $5.20. Yesterday, the shares fell 11.9%, which took the trading range below the 3-day low of $4.47 on volume of 6.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Gogo Inc have traded between the current low of $4.15 and a high of $14.76 and are now at $4.25. The 200-day and 50-day moving averages have moved 1.74% lower and 6.61% lower over the past week, respectively.

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

Keywords: rebounders gogo inc

Ticker(s): GOGO