Garmin ( GRMN) 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% >>6 Tech Stocks That Rate Better Than Apple 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.
Shares of Key Tronic Corporation (Nasdaq:KTCC) have taken a tremendous swing upward. The stock is trading at $7.92 as of 9:30 a.m. ET, 27% above Tuesday's closing price of $6.24. Volume is at 49,619, 1.6 times the daily average of 30,400.