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Bullish Moving Average Cross by Trimble Navigation (TRMB)

By Nick Russo

Today, shares of Trimble Navigation (NASDAQ:TRMB) have crossed bullishly above their 10-day moving average of $36.69 on a volume of 197K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Trimble Navigation share prices have been bracketed by a low of $15.90 and a high of $37.15 and are now at $37.06, 133% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Trimble Navigation on February 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.39. Since that recommendation, shares of Trimble Navigation have risen 16.3%. We continue to monitor TRMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses trimble navigation

Ticker(s): TRMB