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Trimble Navigation Bullish Moving Average Crossover Alert (TRMB)

By Shiri Gupta

Today, shares of Trimble Navigation (NASDAQ:TRMB) have crossed bullishly above their 10-day moving average of $26.30 on a volume of 240K 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.

In the past 52 weeks, shares of Trimble Navigation have traded between a low of $15.90 and a high of $27.79 and are now at $26.52, which is 67% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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 11.9%. We continue to monitor TRMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses trimble navigation

Ticker(s): TRMB