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

Oct 10, 2019 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Rignet Inc (NASDAQ:RNET) on July 18th, 2019 at $9.08. In approximately 3 months, Rignet Inc has returned 20.55% as of today's recent price of $7.21.

Over the past year, Rignet Inc has traded in a range of $6.15 to $20.50 and is now at $7.21, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.3%.

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.

Write to SmarTrend at cs@mysmartrend.com

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