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Recent 52-Week High Exceeded in Shares of Trimble Navigation (TRMB)

By Shiri Gupta

Trimble Navigation (NASDAQ:TRMB) traded at a new 52-week high today of $29.38. This new high was reached on below average trading volume as 122,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.

Trimble Navigation (NASDAQ:TRMB) is currently priced 21.6% above its average consensus analyst price target of $22.86. Trimble Navigation shares have support at the 50-day moving average (MA) of $24.78 and additional support at the 200-day MA of $21.32.

Trimble Navigation share prices have moved between a 52-week high of $29.38 and a 52-week low of $15.90 and are now trading 83% above that low price at $29.16 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Trimble Navigation Limited designs, manufactures, and markets electronic products, enabled by Global Positioning System technology, that determine precise geographic location. The Company's products are integrated systems for collecting, analyzing, and displaying position data in forms optimized for specific end-user applications.

SmarTrend recommended that subscribers consider buying shares of Trimble Navigation on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.27. Since that recommendation, shares of Trimble Navigation have risen 24.8%. We continue to monitor TRMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows trimble navigation

Ticker(s): TRMB