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Watch for Trimble Inc to Potentially Rebound After Falling 2.00% Yesterday

By Shiri Gupta

Trimble Inc (NASDAQ:TRMB) traded in a range yesterday that spanned from a low of $40.14 to a high of $40.39. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $40.47 on volume of 604,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Trimble Inc share prices have been bracketed by a low of $29.75 and a high of $44.55 and are now at $40.18, 35% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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

Keywords: rebounders trimble inc

Ticker(s): TRMB