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Shares of TeleNav Receive a Boost, Up 3.3%

Published on Wed, 02/13/2013 - 11:16
By Mallory Stone

TeleNav (NASDAQ:TNAV), a company whose shares are moving quickly, is trading 3.3% higher to $7.59. The Dow Jones Industrial Average is now trading fractionally lower to 13,998 and the S&P is trading fractionally higher to 1,522.

There is potential upside of 0.8% for shares of TeleNav based on a current price of $7.59 and an average consensus analyst price target of $7.65. The stock should find resistance at its 50-day moving average (MA) of $7.87, as well as support at its 200-day MA of $6.69.

TeleNav Inc. provides location based solutions. The Company offers GPS solutions for mobile phones and smart phones.

In the past 52 weeks, shares of TeleNav have traded between a low of $5.05 and a high of $8.43 and are now at $7.59, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.6%.

By Mallory Stone
mstone@fnno.com