Garmin had its Relative Strength (RS) Rating upgraded from 88 to 92 Thursday.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of above 80 at the beginning of a new climb.
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Garmin is now considered extended and out of buy range after clearing a 219.00 buy point in a third-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 40% EPS growth last quarter, while sales growth came in at 23%.
The company earns the No. 1 rank among its peers in the Consumer Products-Electronics industry group. Turtle Beach and NextNav are also among the group's highest-rated stocks.
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