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After Yesterday's Decline of 1.13%, Garmin Ltd Offers Investors Better Value

By David Diaz

Garmin Ltd (NASDAQ:GRMN) traded in a range yesterday that spanned from a low of $62.18 to a high of $63.90. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $62.64 on volume of 534,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Garmin Ltd have traded between a low of $51.57 and a high of $70.77 and are now at $62.54, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Garmin Ltd and will alert subscribers who have GRMN in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders garmin ltd

Ticker(s): GRMN