Trimble Navigation Limited (TRMB) : Traders are bullish on Trimble Navigation Limited (TRMB) as it has outperformed the S&P 500 by a wide margin of 6.99% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.46%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.43% in the last 1 week, and is up 7.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Trimble Navigation Limited is up 17.56% in the last 3-month period. Year-to-Date the stock performance stands at 29.84%. The stock has recorded a 20-day Moving Average of 2.8% and the 50-Day Moving Average is 6.74%.
Trimble Navigation Limited (NASDAQ:TRMB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.55 and $27.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.85, notching a gain of 0.47% for the day. The total traded volume was 1,135,348 . The stock had closed at $27.72 on the previous day.
Also, JP Morgan downgrades their rating on the shares of Trimble Navigation Limited (NASDAQ:TRMB). The current rating of the shares is Neutral. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on June 28, 2016.
Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction, building construction and geospatial solutions. The Field Solutions segment offers positioning systems, automated application systems, and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics, and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies, Military and Advanced Systems, and ThingMagic businesses. Its brands include Trimble, PeopleNet, GEOTrac and TMW. In addition, it offers TILOS software, which merges both location and schedule into one combined time and distance graphical view, and FlexiCadastre software, which provides land management solution.