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Gogo Inc Set to Possibly Pullback After Yesterday's Rally of 17.77%

By Nick Russo

Gogo Inc (NASDAQ:GOGO) traded in a range yesterday that spanned from a low of $6.33 to a high of $6.68. Yesterday, the shares gained 17.8%, which took the trading range above the 3-day high of $6.50 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Gogo Inc has traded in a range of $2.64 to $7.82 and is now at $6.43, 144% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 1.0%.

SmarTrend is monitoring the recent change of momentum in Gogo Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gogo Inc in search of a potential trend change.

Keywords: rebounders gogo inc

Ticker(s): GOGO