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After Yesterday's Rally of 1.04% Shares Could Potentially Pullback

By Nick Russo

Trimble Navigation (NASDAQ:TRMB) traded in a range yesterday that spanned from a low of $23.60 to a high of $24.20. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $24.01 on volume of 867,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Trimble Navigation has traded in a range of $15.90 to $26.25 and is now at $23.97, 51% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Trimble Navigation and will alert subscribers who have TRMB in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders trimble navigation

Ticker(s): TRMB