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After Yesterday's Rally of 1.48% Shares Could Potentially Pullback

By James Quinn

Trimble Inc (NASDAQ:TRMB) traded in a range yesterday that spanned from a low of $38.29 to a high of $39.07. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $38.53 on volume of 409,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Trimble Inc share prices have been bracketed by a low of $29.75 and a high of $46.25 and are now at $38.97, 31% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%.

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 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders trimble inc

Ticker(s): TRMB