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GARMIN LTD
(GRMN-Nasdaq):
Technical Viewpoint: From a low
of $48.11 on Nov 11, 2003 prices
rallied, reaching a
high of $57.84
on Dec 1, 2003. A
decline saw prices pull back, reaching a
low of
$50.00 on Nov 10, 2003.
Another rally saw prices penetrate
resistance, closing 1/6/04
at $57.67. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jan 6, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $54.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Nov 19, 2004. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! GARMIN LTD
(GRMN-Nasdaq) @ $58.75 Stop: Use a protective stop of $56.25.
GARMIN LTD is currently trading @ $57.67 plus $2.98 on Jan 6, 2004. Price Objective:
$69.50. Risk/Reward: $2.50 VS. $10.75. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.50
Risk/Reward:
$2.50 VS. $10.75
Risk/Reward Ratio:
4:1
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