Trimble Navigation (NASDAQ:TRMB) was downgraded from Buy to Hold at Canaccord Genuity today. The stock closed yesterday at $53.22 on volume of 1.0 million shares, above average daily volume of 593,000.There is potential upside of 10.2% for shares of Trimble Navigation based on a current price of $53.22 and an average consensus analyst price target of $58.67. The stock should discover initial support at its 50-day moving average (MA) of $52.97 and subsequent support at its 200-day MA of $43.61.In the past 52 weeks, shares of Trimble Navigation have traded between a low of $31.88 and a high of $55.95 and closed yesterday at $53.22, which is 67% above that low price. The 200-day and 50-day moving averages have moved 0.73% higher and 0.38% higher over the past week, respectively.SmarTrend is tracking the current trend status for Trimble Navigation and will alert subscribers who have TRMB in their portfolio or watchlist when shares have changed trend direction.
