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Look for Shares of Garmin Ltd to Potentially Pullback after Yesterday's 10.29% Rise

By James Quinn

Garmin Ltd (NASDAQ:GRMN) traded in a range yesterday that spanned from a low of $94.74 to a high of $96.00. Yesterday, the shares gained 10.3%, which took the trading range above the 3-day high of $95.00 on volume of 419,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend 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.

Garmin Ltd share prices have moved between a 52-week high of $96.44 and a 52-week low of $59.98 and are now trading 58% above that low price at $94.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.4%.

Keywords: rebounders garmin ltd

Ticker(s): GRMN