One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Garmin now clears that threshold, with a jump from 80 to 89 Thursday.
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they begin their biggest climbs.
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Garmin is trying to complete a consolidation with a 246.50 entry. See if it can break out in heavy trading.
The company posted 40% EPS growth in its most recent report. Sales increased 23%. The company is expected to report its latest results on or around Apr. 30.
The company earns the No. 1 rank among its peers in the Consumer Products-Electronics industry group. NextNav and Turtle Beach are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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