Panjang

GRMN breaking out of a 12 week consolidation

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GRMN is looking to break out after consolidating for 12 weeks.

Making a new 52 week high, new all-time-highs, with a Beta of 1.02 and expected to grow even more over the year; this is one to keep your eye on.

Given the volume, I do think this may give another entry point around the $143.60 area.

However, now would also be a good time to get in since it's still pretty close to the average price. Just make sure to leave room for the stop-loss if you do plan on getting in now.

Final thoughts:
* Company's doing well
* Price making new all-time-highs
* Breaking out of a long consolidation
* Good long term hold (Pays Dividends)

Penafian

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