Garmin gaps down sharply, falls further, levels to watch The company reported earnings for its Q4 that missed consensus by 5 cents and cut its fiscal year 2013 estimate to a range of $2.30 to $2.40 per share versus expectations of $2.82. At the current price of $35.27, next support is at $34.80, and then at $33.32. Resistance is at $37.19.
Garmin downgraded at Atlantic Equities As previously reported, Atlantic Equities to Neutral from Overweight. The firm downgraded shares based on lack of catalysts and valuation. Price target lowered to $55.