Stock Investors Bid Up Shares of TeleNav, Up 1.5%

Published on Mon, 12/24/2012 - 11:26
By Mallory Stone in Market movers, TNAV, market movers, nasdaq:tnav, telenav

TeleNav (NASDAQ:TNAV) is one of today's biggest movers, up 1.5% to $7.93. The Dow is down 0.3% to 13,153 and the S&P is currently down 0.3% to 1,426.

TeleNav (NASDAQ:TNAV) is currently priced 13.8% above its average consensus analyst price target of $6.83. TeleNav shares have support at the 50-day moving average (MA) of $7.35 and additional support at the 200-day MA of $6.53.

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

TeleNav share prices have moved between a 52-week high of $8.43 and a 52-week low of $5.05 and are now trading 57% above that low price at $7.93 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.2%.

By Mallory Stone
mstone@fnno.com

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