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Garmin Ltd Shares Down 4.1% Since SmarTrend's Sell Call (GRMN)

By Nick Russo

SmarTrend identified a Downtrend for Garmin Ltd (NASDAQ:GRMN) on May 1st, 2019 at $81.06. In approximately 3 weeks, Garmin Ltd has returned 4.14% as of today's recent price of $77.70.

Garmin Ltd share prices have moved between a 52-week high of $89.72 and a 52-week low of $59.39 and are now trading 31% above that low price at $77.96 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.3%.

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin Drive and VIRB names.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Garmin Ltd.

Log in and add Garmin Ltd (GRMN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights garmin ltd

Ticker(s): GRMN