Upgrade your membership to see all of the expert analysis we have published on TRMB now!
Violation of 50-Day Moving Average Has Raised Concerns - Friday, September 24, 2021
Trimble Inc (TRMB -$1.89 or -2.11% to $87.70) slumped below its 50-day moving average (DMA) line ($89.15) with 2 more damaging losses on above average volume raising concerns and triggering a technical sell signal. Only a prompt rebound above the 50 DMA line would help its outlook improve. The next near-term support is prior highs in the $84 area.
TRMB was highlighted in yellow with pivot point cited based on its 4/06/21 high plus 10 cents in the 8/05/21 mid-day report (read here). It was shown in greater detail that evening with an annotated graph under the headline "Finished Strong With Gain for New High Backed by Volume". After making good progress in late August it stalled and encountered distributional pressure in recent weeks.
Fundamentals remain strong. The high-ranked ELECTRONICS - Scientific and Technical Instruments firm reported earnings +38% on +29% sales revenues for the Jun '21 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. It has a 90 Earnings Per Share Rating.
The number of top-rated funds owning its shares rose from 1,157 in Sep '20 to 1,616 in Jun '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the pas 50 days. It has a Timeliness Rating of B and Sponsorship Rating of B.
Chart courtesy of www.stockcharts.com
Finished Strong With Gain for New High Backed by Volume - Thursday, August 5, 2021
Trimble Inc (TRMB +$2.69 or +3.10% to $89.42) finished strong after highlighted in yellow with pivot point cited based on its 4/06/21 high plus 10 cents in the earlier mid-day report (read here). It hit a new all-time high (N criteria) with today's 3rd consecutive gain backed by+72% above average volume. The gain above its pivot point helped clinch a proper technical buy signal, however it has quickly reached its "max buy" level. Disciplined investors avoid chasing stocks more than +5% above prior highs. It found prompt support at its 50-day moving average (DMA) line ($81.16) in recent weeks as volume totals cooled while consolidating.
The high-ranked ELECTRONICS - Scientific and Technical Instruments firm reported earnings +38% on +29% sales revenues for the Jun '21 quarter versus the year ago period. Three of the past 4 quarterly comparisons were above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) growth has been strong and steady. It has a 09 Earnings Per Share Rating.
The number of top-rated funds owning its shares rose from 1,157 in Sep '20 to 1,564 in Jun '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the pas 50 days. It has a Timeliness Rating of B and Sponsorship Rating of B.
Chart courtesy of www.stockcharts.com
