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Thursday, March 01, 2018 12:12:50 PM
Garmin Ltd (NASDAQ:GRMN) is a leading manufacturer of hand-held, portable and fixed mount GPS systems. The stock topped out on February 20, 2018 at $65.96 a share. Since that pivot high, the stock has sold off by nearly 7.0 points. Currently, GRMN stock is trading lower by 0.07 to $59.17 a share. It should be noted that GRMN stock is now trading below the important 50-day moving average. This technical setup puts the stock in a weak technical position. The next major daily chart support level will be around the 200-day moving average which is currently at $56.00. After that, the stock should have even more support around the $54.00 level. This major support area is where the stock broke out in October 2017. Every trader should be keeping this major support level on the radar.
![](http://www.inthemoneystocks.com/images/GRMN%203.1.18.png)
Nicholas Santiago
InTheMoneyStocks
Recent GRMN News
- Garmin selected as exclusive marine electronics and audio supplier to IBBI through 2029 • PR Newswire (US) • 07/02/2024 11:01:00 AM
- Garmin Ltd. schedules second quarter 2024 earnings call • PR Newswire (US) • 06/26/2024 12:00:00 PM
- Garmin unveils the Approach Z30 smart laser range finder with unparalleled integration to the Garmin golf lineup • PR Newswire (US) • 06/26/2024 11:01:00 AM
- Garmin announces 2024 Garmin Health Awards finalists • PR Newswire (US) • 06/25/2024 10:59:00 AM
- Garmin unveils its brightest and smartest cycling computer ever: the Edge 1050 • PR Newswire (US) • 06/25/2024 10:58:00 AM
- Garmin expands its executive leadership team • PR Newswire (US) • 06/24/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 02:56:17 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/18/2024 08:11:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 01:29:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:49:22 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 06/11/2024 08:48:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/11/2024 03:57:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 03:30:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 09:57:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 09:57:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 09:56:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 09:56:43 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 09:15:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:47:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/10/2024 08:01:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 09:55:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 05:24:22 PM
- Garmin shareholders approve quarterly dividend through March 2025 • PR Newswire (US) • 06/07/2024 05:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 06:20:48 PM
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