Garmin (GRMN) is a provider of navigation, communication and information devices and applications, which are enabled by GPS technology. This stock is trading up 1.4% at $39.17 in recent trading.
Today's Volume: 3.2 millionAverage Volume: 1.1 million Volume % Change: 247% Shares of GRMN are moving notably higher here after the company crushed Wall Street estimates with 70% earnings growth in the second quarter as the personal navigation maker registered an increase in revenue and market-share gains. >>10 Top-Rated Tech Stocks With Big Dividends From a technical perspective, GRMN is bouncing right near its 50-day moving average of $38.88, and it's starting to challenge its 200-day moving average of $41.15. At last check, GRMN has hit an intraday high of $41.87 and volume is well above its three-month average action of 1,103,150 shares. Traders should now look for long-biased trades as long as GRMN is trending above its 200-day moving average at $41.14 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,103,150 shares as bullish. If GRMN can hold that trend, then look for this stock to hit $43 to $45 in the near future.
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