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Bullish Moving Average Cross by Garmin (GRMN)

By James Quinn

Garmin (NASDAQ:GRMN) crossed over its 10-day moving average of $48.49 on a volume of 336K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Garmin share prices have been bracketed by a low of $30.93 and a high of $57.16 and are now at $49.31, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Garmin on August 24th, 2016 by issuing a Downtrend alert when the shares were trading at $51.33. Since that call, shares of Garmin have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Garmin

Ticker(s): GRMN