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6 pts

Opinion on  Garmin Ltd (GRMN)     Sector: Technology  >  Industry: Communications Equipment
100% Fibonacci projection shows near term just above $50

Jul 29, 2008 10:34 PM GMT
Return Risk
-11.84% LOW
Analyst

Technical Analysis  

The trend still shows lower, Fibonacci projection shows bottom at $44.1998. Earnings are 7/30/08. Low P/E ratio, profit margin over 25%,aircraft certification approval yeterday; this navi company is cheap at current prices. Support tested at $41.7939 multiple times. May wait for confirmation due to trend headed south but earnings are tomorrow...

GRMN:  This call was made on 07/29/08 @ $40.5
Rating:   Positive   $40.5 (07/29/08)
Closed:   07/29/2008 @ $40.5 (+0.00% in 20 minutes)
Target:   $50.25 (+24.07%) in < two weeks


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pearl4u713 previously rated GRMN
Neutral/Hold -21.93% Slammed-Bears Right Short Term...
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1
Positive +0.00% Garmin undervalued...MACD shows change coming
07/29/2008
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