Is TRMB finally ready?Trimble Inc.BATS:TRMBGatorResearchHave tracked this one for a month, thinking it was a reversal candidate. With the space theme heating up again, this one looks interesting and we finally have some price action that confirms it. Trimble is involved in ground-based equipment and infrastructure and GPS/navigation. The space theme per the UFO ETF has been basing beneath the 200-day for over a week but has held steady while the broader market has been weak. Honestly, the whole theme looks OK at best, but there are some spots where I see strength, like SIRI, RTX, LMT, LHX. TRMB could be another early turner, and my strategy is to get in low, with super tight risk. TRMB is strong on its own merits: Volume has held strong as it has based since early May, and that's one sign of accumulation. On the weekly chart, stochastics show a clear turn higher with room to run until this is overbought. There's also a clear MACD crossover, which indicative of a bullish change of character. On the daily, the MACD line is nearing 0 from negative, which is also bullish crossover. I like that the daily has now moved into the cloud. It's recovered the 50-day moving average today, which has recently meant a lot of re-consolidation and/or backtests after the breakout from it. Still, it's a good ingredient for trend leg development. I am in, but there's a case to be made for continuing to wait and not taking the first breakout. Either way, I think the stop will be managed dynamically: Close back under the 50-day is either a cut or watch closely to cut, giving it an opportunity to recover again. Any close below 54.5 starts to look like the breakout from the base failed and price is back in it.