• Return to Headlines

After Yesterday's Rally of 1.04% Shares Could Potentially Pullback

By Amy Schwartz

Garmin Ltd (NASDAQ:GRMN) traded in a range yesterday that spanned from a low of $50.38 to a high of $50.84. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $50.81 on volume of 350,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Garmin Ltd have traded between a low of $39.29 and a high of $56.19 and are now at $50.67, which is 29% 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 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