Recent 52-Week High Exceeded in Shares of Trimble Navigation (TRMB)
Shares of Trimble Navigation (NASDAQ:TRMB) traded at a new 52-week high today of $29.40. This new high was reached on below average trading volume as 124,000 shares traded hands, while the average 30-day volume is approximately 1.2 million shares.
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.
Over the past year, Trimble Navigation has traded in a range of $15.90 to $29.40 and is now at $29.26, 84% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Trimble Navigation (NASDAQ:TRMB) is currently priced 21.9% above its average consensus analyst price target of $22.86. The stock should discover initial support at its 50-day moving average (MA) of $24.78 and subsequent support at its 200-day MA of $21.32.
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 25.9%. 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