RigNet shows a strong performance for several trading sessions.

Regarding the fundamentals, firstly, we note the increase of sales recorded over the previous year. Besides we can observe the upward revisions for earnings per share by the analysts polled by Thomson Reuters during the last months. The high valuation shows the interest of inverstors for this security.

Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the resistance located at USD 19.3 and seems able to breakout soon. This crossing would provide a strong buy signal.

Exceeding the USD 19.3 would point to ambitious upward targets. Market participants could take a buy position at USD 21.2. A stop loss will be set at USD 18.1.