Trimble Navigation Limited (NASDAQ: TRMB)

Trimble Navigation Limited designs and distributes positioning products and applications enabled by global positioning system (GPS), optical, laser, and wireless communications technology. It serves agriculture, architecture, civil engineering, construction, environmental management, government, natural resources, transportation, and utilities industries through dealers, distributors, and authorized representatives worldwide. The company was founded in 1978 and is headquartered in Sunnyvale, California.
To review Trimble’s stock, please take a look at the 1-year chart of TRMB (Trimble Navigation Limited) below with my added notations:

Since August of last year TRMB has grinded its way higher. Over the last 3 months though, the stock has formed a key level of resistance at $40 (red). That resistance is also a 52-week high resistance. After a sharp drop back in May, the stock appears to be headed back up towards its $40 resistance.

The Tale of the Tape: TRMB has a $40, 52-week high resistance level to watch. A long trade could be made on a break above that $40 with a stop placed below it.
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