Credit: Shutterstock photoGarmin ( GRMN ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Tuesday, with an upgrade from 70 to 74.
[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of at least 80 as they launch their biggest runs. See if Garmin can continue to rebound and clear that threshold.
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Garmin is trading within a buying range after moving past a 56.29 buy point in a consolidation . Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
Garmin posted 1% EPS growth in its most recent report. Revenue gains came in at 1%.
The company earns the No. 1 rank among its peers in the Consumer Products-Electronics industry group. Sony ( SNE ) and GoPro ( GPRO ) are also among the group's highest-rated stocks.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
