TeleNav (NASDAQ:TNAV) is a company whose shares are active, trading 2.4% lower to $7.02. The S&P is currently trading 0.5% lower to 1,396 and the Dow Jones Industrial Average is trading 0.2% lower to 13,196.
TeleNav (NASDAQ:TNAV) has potential upside of 17.5% based on a current price of $7.02 and analysts' consensus price target of $8.25. TeleNav shares should encounter resistance at the 200-day moving average (MA) of $8.84 and support at the 50-day MA of $6.98.
TeleNav share prices have moved between a 52-week high of $22.07 and a 52-week low of $6.28 and are now trading 12% above that low price at $7.02 per share. Over the last five market days, the 200-day moving average (MA) has gone down 3.7% while the 50-day MA has declined 1.5%.
TeleNav Inc. provides location based solutions. The Company offers GPS solutions for mobile phones and smart phones.
