• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing

Let's See How the Charts of Trimble Measure Up

TRMB could pull back before the next move higher, so let's see how to play it.
By BRUCE KAMICH
Aug 01, 2022 | 02:00 PM EDT
Stocks quotes in this article: TRMB

Trimble ( TRMB)  is a provider of precision equipment for the surveying, construction, and civil engineering markets. As the company preps its earnings release for this week, the charts have gotten my attention and they look promising.
 
Let's check them out.
 
In this daily bar chart of TRMB, below, we can see that prices made a small triple-bottom in June and early July. Prices rallied above the now rising 50-day moving average line. TRMB is now not far below the 200-day line. The On-Balance-Volume (OBV) line looks like it bottomed in June and July. The Moving Average Convergence Divergence (MACD) oscillator has crossed above the zero-line for a new outright-buy signal.
 
 
In this weekly Japanese candlestick chart of TRMB, below, we can see how TRMB has improved in recent weeks. Prices are still below the declining 40-week moving average line, but not that far below it. The weekly OBV line shows some slight improvement in June and July. The weekly MACD oscillator has crossed to the upside for a cover-shorts, buy signal.
 
 
In this daily Point and Figure chart of TRMB, below, we can see a potential upside price target in the $96 area.
 
 
In this weekly Point and Figure chart of TRMB, below, we see the same $96 price target as on the daily chart (above).
 
 
 
Bottom line strategy: Shares of TRMB have made a strong advance during July and now a pullback or correction should be a buying opportunity. Traders should be patient and wait for a dip to around $65 before buying. Risk to $59.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Employees of TheStreet are prohibited from trading individual securities.

TAGS: Investing | Technical Analysis | Commercial & Professional Services | Industrials

More from Investing

Bearish Bets: 3 Stocks You Should Consider Shorting This Week

Bob Lang
Jun 4, 2023 10:30 AM EDT

These recently downgraded names are displaying both quantitative and technical deterioration.

The Word Is, 'Lexicon' Is Worth a Trade

Bret Jensen
Jun 4, 2023 7:00 AM EDT

Here's an options play on this small pharma name that just scored an FDA win.

As the Market Shifts, So Should Your Strategy

James "Rev Shark" DePorre
Jun 3, 2023 11:50 AM EDT

Let's look a how to adjust trading techniques to fit the changes in the market.

Market's Frothy With a Side of FOMO

James "Rev Shark" DePorre
Jun 2, 2023 4:41 PM EDT

The small caps and the Dow finally host the party on Wall Street. But will this broadening action continue?

KLA Corp. Should Keep KLAC'ing Away

Bruce Kamich
Jun 2, 2023 2:30 PM EDT

Here's where the charts show this chipmaker heading.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 01:51 PM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Adjusting Your Trading Approach to Shifting Market...
  • 06:54 PM EDT CHRIS VERSACE

    AAP Podcast: A Tongue -- and a Market -- Twister: 'Get a Debt Deal Done'

    Listen in as the Action Alerts PLUS Podcast tackle...
  • 12:07 PM EDT STEPHEN GUILFOYLE

    Selling Some of This Surging AI-Related Stock

    This isn't the only name in the Stocks Under $10 p...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login