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Rignet Inc Has Returned 20.6% Since SmarTrend Recommendation (RNET)

By Amy Schwartz

SmarTrend identified a Downtrend for Rignet Inc (NASDAQ:RNET) on March 20th, 2019 at $12.68. In approximately 4 weeks, Rignet Inc has returned 20.58% as of today's recent price of $10.07.

Over the past year, Rignet Inc has traded in a range of $8.87 to $24.05 and is now at $10.07, 14% above that low. The 200-day and 50-day moving averages have moved 0.06% lower and 1.44% lower over the past week, respectively.

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