GOGO is having a buyable gap up on a strong earnings report. GOGO provides wifi access on airlines. GOGO earnings are currently negative, though sales have been accelerating with the most recent quarter up 37%. The overall chart formation is constructive but take into account that this stock has yet to earn anything for at least 2014, and the space could be quite competitive as larger companies could barge into GOGO's space to arrange contracts with major airlines.
BGU - GOGO 11/11/13
|Published:||11 Nov 2013 14:29 ET|
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