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Trimble Inc Bearish Moving Average Crossover Alert (TRMB)

By James Quinn

Trimble Inc (NASDAQ:TRMB) shares have crossed bearishly below their 10-day moving average of $37.31 on a volume of 116K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Trimble Inc share prices have moved between a 52-week high of $46.25 and a 52-week low of $29.75 and are now trading 25% above that low price at $37.19 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Trimble Inc on August 1st, 2019 by issuing a Downtrend alert when the shares were trading at $39.79. Since that call, shares of Trimble Inc have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses trimble inc

Ticker(s): TRMB