[May 06, 2013] Downtrend Call Working As TeleNav Stock Falls 27.4% (TNAV) Tweet May 06, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for TeleNav (NASDAQ:TNAV) on February 11th, 2013 at $7.15. In approximately 3 months, TeleNav has returned 27.41% as of today's recent price of $5.19. TeleNav share prices have moved between a 52-week high of $8.43 and a 52-week low of $4.99 and are now trading 5% above that low price at $5.25 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 3.6%. TeleNav Inc. provides location based solutions. The Company offers GPS solutions for mobile phones and smart phones. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of TeleNav. Log in and add TeleNav (TNAV) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]