This stock gapped up on earnings call May-15-19 01:23AM Global Eagle Entertainment (ENT) Q1 2019 Earnings Call. Shs Float70.78M, Market Cap 104.91M. Watching for continuation trade.
Tons of Insider Buys from May, 21st to June 11th last year $10,742,000 worth of shares bought, tells me something that was in the making that could potentially take a year to resolve or complete is possibly coming up. Only thing that has me puzzled is the immense PPS drop...
ENT on watch for this week with a nice up trend being established.
It closed above the 200/50/10 moving averages and has an ADX over 35 with DMI+ over 34 and DMI- over 6
I am looking to enter this stock around $2.29 to $2.39
Entry/support - 2.11/2.22/2.29
PIVOT -2.4
Resistance 2.51/2.56/2.69/2.85
Looking like a good stock to swing this week.
Global Eagle Entertainment Inc. is a United States-based provider of aircraft connectivity systems, operations solutions and media content to the travel industry. The Company's segments include Connectivity and Content. Its Connectivity segment provides airline partners and passengers with Wi-Fi connectivity over Ku-band satellite transmissions, and to a lesser extent operations solutions to airline customers. Its Content segment selects, manages and distributes wholly owned and licensed media content, video and music programming, applications, digital advertising solutions and games to over 150 airlines across the world, as well as to maritime and other away-from-home non-theatrical markets. The Company, through its product and services platform, provide airlines with a range of in-flight solutions, including Wi-Fi, movies, television, music, interactive software, as well as portable in-flight entertainment solutions, content management services and e-commerce solutions.
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ENT
