One of today's notable stocks in decline is Trimble Navigation (NASDAQ:TRMB), down 2.8% to $29.14. The Dow Jones Industrial Average is now trading fractionally lower to 14,557 and the S&P is trading 0.5% lower to 1,561.
Trimble Navigation (NASDAQ:TRMB) has potential upside of 141.9% based on a current price of $29.14 and analysts' consensus price target of $70.50. Trimble Navigation shares should encounter resistance at the 50-day moving average (MA) of $30.42 and support at its 200-day MA of $26.49.
Trimble Navigation share prices have moved between a 52-week high of $32.03 and a 52-week low of $20.01 and are now trading 46% above that low price at $29.14 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.4%.
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.
