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Garmin(GRMN - Get Report) is a provider of navigation, communication and information devices and applications, which are enabled by global positioning system technology. This stock is trading up 3.9% at $49.37 in recent trading.
Today's Volume: 2.5 million
Average Volume: 946,447
Volume % Change: 214%
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Shares of GRMN are trending higher today after the company beat Wall Street profit estimates as demand jumped for its outdoor and fitness GPS products and it posted a surprise increase in sales of its personal navigation devices.
From a technical perspective, GRMN is surging higher here and flirting with a major breakout trade after the stock briefly moved above some past overhead resistance at $49.93 with high-volume. At last check, GRMN has hit an intraday high of $50.67 and volume is well above its three-month average action.
Traders should now consider long-biased trades as long as GRMN is trending above $49.93 to $50.67 with strong volume.