TRMB Simple Trading Stalk Candidate 19 November 2013

simple trading

Trimble Navigation Ltd. is a good Stalk candidate.  TRMB traded higher into the beginning of October then sold off during the month of before gapping to then through resistance at the $31.00 level on November 1st.  It has since retraced some of the gain from that day, but managed to remain inside the day’s range.  We like long setups in the stock and expect to maintain that bias as long as price can remain above the $28.00 support level.