The Relative Strength (RS) Rating for Garmin jumped into a higher percentile Wednesday, as it got a lift from 67 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves. See if Garmin can continue to show renewed price strength and clear that threshold.
Garmin is working on a consolidation with a 246.50 entry. See if it can break out in volume at least 40% above average.
The company posted 13% EPS growth in the latest quarterly report. Sales gains came in at 11%.
The company holds 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.
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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