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Garmin Bearish Moving Average Crossover Alert (GRMN)

By Nick Russo

Today, shares of Garmin (NASDAQ:GRMN) have fallen below their 10-day MA of $54.94 on a volume of 167K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $54.48, 76% above that low price. The 200-day and 50-day moving averages have moved 0.05% lower and 0.26% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Garmin on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.43. Since that recommendation, shares of Garmin have risen 24.2%. We continue to monitor GRMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Garmin

Ticker(s): GRMN