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6 pts

Opinion on  Garmin Ltd (GRMN)     Sector: Technology  >  Industry: Communications Equipment
Garmin undervalued...MACD shows change coming

Jul 29, 2008 10:54 PM GMT
Return Risk
-11.53% LOW
Analyst

Technical Analysis  

GRMN MACD is showing a strong bullish signal two ways:. 1. It is above the signal line, 9day moving average. 2. MACD is above 0 which implies that the underlying moving averages are trending higher.

 I tried to paste a jpg here but it didn't work. My apologies.


GRMN:  This call was made on 07/29/08 @ $40.5
Rating:   Positive   $40.5 (07/29/08)
Closed:   07/30/2008 @ $40.5 (+0.00% in 16 hours)


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Zane
zanewaltz   40%     0 point   commented 494 days ago reply

I agree with you. Garmin (GRMN) is a great company. The stock soared and got ahead of itself before falling and then stabilizing at the current range ($45 per share) The fundamentals look good. As I will detailing on ZanesBusiness.com, Google trends shows a gain in searching for Garmin recently. Nice choice.


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pearl4u713 previously rated GRMN
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