Garmin Shares Have a Powerful Must-See Chart

Garmin Stock Reveals Strong Demand

Institutional volumes reveal plenty. For 1-year, our proprietary signals reveal how GRMN has enjoyed a surge in demand. We believe this to be strong institutional support.

Each green bar alerts unusually large volumes in GRMN shares, pushing the stock higher:

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Garmin.

Garmin Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company worth investigating. As you can see, GRMN has had positive sales & EPS growth in recent years:

• 3-year sales growth rate (+8%)
• 3-year EPS growth rate (+10.5%)

Source: FactSet

EPS is estimated to ramp higher this year by +11.8%.

Now it makes sense why the stock has been powering to new heights. Garmin is gaining due to the forward earnings picture.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long-term.

Garmin has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 many times. The blue bars below shows when GRMN was a top pick…cutting through the noise.

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the superstars. Money flows often reveal tomorrow’s leaders…today.

Garmin Price Prediction

The Garmin rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds a long position in GRMN at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.