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GARMIN LTD
(GRMN-Nasdaq):
Technical Viewpoint: From a low
of $41.50 on Nov 24, 2003 prices
rallied, reaching a
high of $54.08
on Oct 29, 2003. A
decline saw prices pull back, reaching a
low of
$48.11 on Nov 11, 2003.
Another rally saw prices penetrate
resistance, closing 11/17/03
at $51.72. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 3, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.00. Resistance: Is at $53.92.
Point & Figure: Reversed to the upside on Nov 11, 2003. A P&F upside
reversal takes place at $49.00. Summary: Technical indicators have turned bullish. BUY! GARMIN LTD
(GRMN-Nasdaq) @ $52.13 Stop: Use a protective stop of $49.63.
GARMIN LTD is currently trading @ $51.72 plus $2.34 on Nov 17, 2003. Price Objective:
$64.00. Risk/Reward: $2.50 VS. $11.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$64.00
Risk/Reward:
$2.50 VS. $11.88
Risk/Reward Ratio:
5:1
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