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Telenav Inc Crosses Above its 10-day MA (TNAV)

By Amy Schwartz

Today, shares of Telenav Inc (NASDAQ:TNAV) have crossed bullishly above their 10-day moving average of $5.30 on a volume of 790K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Telenav Inc share prices have moved between a 52-week high of $11.67 and a 52-week low of $3.35 and are now trading 64% above that low price at $5.51 per share. The 200-day and 50-day moving averages have moved 0.39% higher and 3.11% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Telenav Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Telenav Inc in search of a potential trend change.

Keywords: moving crosses telenav inc

Ticker(s): TNAV