GARMIN LTD
(GRMN-Nasdaq):
Technical Viewpoint: From a low
of $28.46 on Feb 10, 2003 prices
rallied, reaching a
high of $34.12
on Feb 19, 2003. A
decline saw prices pull back, reaching a
low of
$31.20 on Mar 10, 2003.
Another rally saw prices penetrate
resistance, closing 3/25/03
at $36.89. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 18, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $34.25. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Mar 25, 2003. A P&F upside
reversal takes place at $35.50. Summary: Technical indicators have turned bullish. BUY! GARMIN LTD
(GRMN-Nasdaq) @ $37.25 Stop: Use a protective stop of $35.25.
GARMIN LTD is currently trading @ $36.89 plus $2.44 on Mar 25, 2003. Price Objective:
$47.00. Risk/Reward: $2.00 VS. $9.75. 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:
$47.00
Risk/Reward:
$2.00 VS. $9.75
Risk/Reward Ratio:
5:1
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