RNET Crosses Above Key Moving Average Level

In trading on Monday, shares of RigNet Inc (RNET) crossed above their 200 day moving average of $39.73, changing hands as high as $40.27 per share. RigNet Inc shares are currently trading up about 2.6% on the day. The chart below shows the one year performance of RNET shares, versus its 200 day moving average:

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RigNet Inc 200 Day Moving Average Chart

Looking at the chart above, RNET's low point in its 52 week range is $25.78 per share, with $57.22 as the 52 week high point — that compares with a last trade of $39.33.

According to the ETF Finder at ETF Channel, RNET makes up 1.52% of the SPDR S&P Oil & Gas Equipment & Services ETF ( XES) which is trading lower by about 0.5% on the day Monday.

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