Up 1.8% to $39.60, Garmin (NASDAQ:GRMN), is one of today's notable movers. The S&P is currently trading 1,416 and the Dow Jones Industrial Average is trading 13,026.
In the past 52 weeks, Garmin share prices have been bracketed by a low of $29.23 and a high of $50.67 and are now at $39.60, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.2%.
There is potential upside of 21.0% for shares of Garmin based on a current price of $39.60 and an average consensus analyst price target of $47.93. The stock should run into initial resistance at its 50-day moving average (MA) of $39.61 and subsequent resistance at its 200-day MA of $41.92.
Garmin Ltd. provides navigation, communications, and information devices, most of which are enabled by Global Positioning System (GPS) technology. The Company designs, develops, manufactures, and markets hand-held, portable, and fixed mount GPS-enabled products and other navigation, communications, and information products under the GARMIN brand name.