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Garmin (GRMN) Bearish Technical Alert - Trend Down 4.3%
[November 18, 2009]

Garmin (GRMN) Bearish Technical Alert - Trend Down 4.3%


Nov 18, 2009 (SmarTrend(R) Spotlight via COMTEX) -- Garmin (NASDAQ:GRMN) is trading 1% lower (down $0.31 to $32.02) today on volume of 858,401 shares. The stock has traded within a 52-week range of $14.40 and $39.65.

Garmin is currently below its 50-day moving average of $35.08 and should find support at its 200-day moving average of $26.02.

SmarTrend is bearish on shares of GRMN and our subscribers received a Downtrend alert on October 28, 2009 at $33.46, which has returned 4.3% to date.

Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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.TradeTheTrend.com.

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