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9.3% Return Seen to Date on SmarTrend Rignet Inc Call (RNET)

By James Quinn

SmarTrend identified a Downtrend for Rignet Inc (NASDAQ:RNET) on July 18th, 2019 at $9.08. In approximately 2 months, Rignet Inc has returned 9.31% as of today's recent price of $8.23.

In the past 52 weeks, shares of Rignet Inc have traded between a low of $6.85 and a high of $24.05 and are now at $8.23, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 1%.

RigNet Inc. is a data network infrastructure provider serving the remote communications needs of the oil and gas industry. The Company, through a controlled and managed Internet Protocol/Multiprotocol Label Switching global network, delivers voice, data, video, and other services such as real-time management and telemedicine services, under a multi-tenant model.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Rignet Inc.

Log in and add Rignet Inc (RNET) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights rignet inc

Ticker(s): RNET