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Garmin Ltd Bearish Moving Average Crossover Alert (GRMN)

By David Diaz

Garmin Ltd (NASDAQ:GRMN) crossed under its 10-day moving average of $64.07 on a volume of 125K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Garmin Ltd share prices have been bracketed by a low of $39.29 and a high of $65.96 and are now at $63.94, 63% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Garmin Ltd on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.40. Since that recommendation, shares of Garmin Ltd have risen 5.3%. We continue to monitor GRMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses garmin ltd

Ticker(s): GRMN