Bullish Moving Average Cross by Garmin (GRMN)
Garmin (NASDAQ:GRMN) shares have crossed bullishly above their 10-day moving average of $40.26 on a volume of 111K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Garmin share prices have moved between a 52-week high of $57.16 and a 52-week low of $30.93 and are now trading 31% above that low price at $40.61 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
SmarTrend is monitoring the recent change of momentum in Garmin. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Garmin in search of a potential trend change.
Keywords: moving crosses Garmin