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Rignet Inc Shares Up 74.7% Since SmarTrend's Buy Recommendation (RNET)

By Shiri Gupta

SmarTrend identified an Uptrend for Rignet Inc (NASDAQ:RNET) on July 27th, 2018 at $12.05. In approximately 2 months, Rignet Inc has returned 74.69% as of today's recent price of $21.05.

In the past 52 weeks, Rignet Inc share prices have been bracketed by a low of $10.03 and a high of $24.05 and are now at $21.05, 110% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 6.9%.

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 shifts in the trajectory of Rignet Inc shares.

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