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Trimble Navigation Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Trimble Navigation (NASDAQ:TRMB) traded at a new 52-week high today of $37.37. So far today approximately 57,000 shares have been exchanged, as compared to an average 30-day volume of 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.

In the past 52 weeks, Trimble Navigation share prices have been bracketed by a low of $15.90 and a high of $37.37 and are now at $37.07, 133% above that low price. The 200-day and 50-day moving averages have moved 0.01% lower and 0.13% higher over the past week, respectively.

Trimble Navigation (NASDAQ:TRMB) is currently priced 15.2% above its average consensus analyst price target of $31.44. The stock should find initial support at its 50-day moving average (MA) of $24.78 and further support at its 200-day MA of $21.32.

SmarTrend recommended that subscribers consider buying shares of Trimble Navigation on February 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.39. Since that recommendation, shares of Trimble Navigation have risen 18.3%. 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

Ticker(s): TRMB