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Garmin Ltd Bullish Moving Average Crossover Alert (GRMN)

By David Diaz

Today, shares of Garmin Ltd (NASDAQ:GRMN) have crossed bullishly above their 10-day moving average of $73.36 on a volume of 310K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Garmin Ltd share prices have been bracketed by a low of $61.04 and a high of $105.58 and are now at $75.68, 24% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 2.92% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Garmin Ltd. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Garmin Ltd in search of a potential trend change.

Keywords: moving crosses garmin ltd

Ticker(s): GRMN