The Relative Strength (RS) Rating for Garmin entered a new percentile Thursday, with an increase from 80 to 83.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of above 80 as they launch their biggest price moves.
Garmin has moved more than 5% past a 242.47 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 37% last quarter, up from 13% in the prior report. Revenue also increased, from 11% to 20%. The next quarterly results are expected on or around Oct. 29.
The company holds the No. 1 rank among its peers in the Consumer Products-Electronics industry group. Sonos and Zepp Health ADR 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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