Trade Alert - Garmin at New Highs | 52 WeekHighLow

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Trade Alert - Garmin at New Highs

Published on Wednesday, 22 February 2012 11:34 Written by TradersHuddle Wire

grmn New York, February 22nd (TradersHuddle.com) - Shares of Garmin Ltd. (NASDAQ:GRMN) booked a new 52 week high today by trading above $44.73, traders are definitely monitoring Garmin's price action to see if this move attracts further buying into the stock.

Garmin Ltd. (NASDAQ:GRMN) designs, develops, manufactures, and markets global positioning system (GPS)-enabled products and other navigation, communication, and information products The company operates in the marine, aviation, outdoor/fitness and automotive segment.

Garmin is currently trading 1.15% versus its previous trading session close, and it has calculated support and resistance at $40.46 and $44.38 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.18% from its previous trading close, which means that Garmin stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

UPDATE: Wedbush Maintains Neutral Rating, Raises PT for Garmin - Benzinga
From Earlier: D.A. Davidson Raises Garmin PT to $55, Maintains Neutral - Benzinga
Garmin Reaches New 52-Week High (GRMN) - TheStreet.com
UPDATE: Garmin Posts Better-Than-Expected Q1 Profit - Benzinga
Garmin Stock To Go Ex-dividend Tomorrow (GRMN) - TheStreet.com
UPDATE: Goldman Sachs Raises PT on Garmin to $43 - Benzinga
DA Davidson Raises PT to $52 on Garmin - Benzinga
UPDATE: Deutsche Bank Raises PT to $1845on Garmin - Benzinga
Garmin Continues Its Torrid Run; Stock Up 9% on Q4 Earnings - Benzinga
J.P. Morgan: Encouraging 2012 Outlook for Garmin J.P. Morgan: Encouraging 2012 Outlook for Garmin J.P. Morgan: Encouraging 2012 Outlook for Garmin J.P. Morgan: Encouraging 2012 Outlook for Garmin - Benzinga

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