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Garmin Ltd Rises 1.14% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Garmin Ltd (NASDAQ:GRMN) traded in a range yesterday that spanned from a low of $97.69 to a high of $98.05. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $97.87 on volume of 156,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Garmin Ltd on September 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.96. Since that recommendation, shares of Garmin Ltd have risen 18.6%. We continue to monitor GRMN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Garmin Ltd share prices have moved between a 52-week high of $99.26 and a 52-week low of $65.01 and are now trading 51% above that low price at $98.18 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

Keywords: rebounders garmin ltd

Ticker(s): GRMN