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Shares of Telenav Inc Rise to a New 52-Week High

By Amy Schwartz

Shares of Telenav Inc (NASDAQ:TNAV) traded at a new 52-week high today of $11.34. Approximately 94,000 shares have changed hands today, as compared to an average 30-day volume of 378,000 shares.

Telenav Inc. develops navigation software. The Company produces global positioning system software for mobile phones, tablets, computers, and cars.

In the past 52 weeks, shares of Telenav Inc have traded between a low of $3.35 and a high of $11.34 and are now at $11.34, which is 239% above that low price. Over the past week, the 200-day moving average (MA) has gone up 2.6% while the 50-day MA has advanced 3.9%.

Telenav Inc (NASDAQ:TNAV) defies analysts with a current price ($11.34) 7.4% above its average consensus price target of $10.50. Telenav Inc shares have support at the 50-day moving average (MA) of $8.67 and additional support at the 200-day MA of $6.21.

SmarTrend recommended that subscribers consider buying shares of Telenav Inc on April 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.57. Since that recommendation, shares of Telenav Inc have risen 69.1%. We continue to monitor TNAV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows telenav inc

Ticker(s): TNAV