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TMCNet: Shares of GRMN Down 19.8% Since Downtrend Call on Shares

[July 16, 2012]

Shares of GRMN Down 19.8% Since Downtrend Call on Shares

Jul 16, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Garmin (NASDAQ:GRMN) on May 14th, 2012 at $44.60. In approximately 2 months, Garmin has returned 19.77% as of today's recent price of $35.78.

In the past 52 weeks, shares of Garmin have traded between a low of $29.23 and a high of $50.67 and are now at $35.78, which is 22% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 2.61% lower over the past week, respectively.

Garmin Ltd. provides navigation, communications, and information devices, most of which are enabled by Global Positioning System (GPS) technology. The Company designs, develops, manufactures, and markets hand-held, portable, and fixed mount GPS-enabled products and other navigation, communications, and information products under the GARMIN brand name.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Garmin.

Log in and add Garmin (GRMN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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