Garmin breaks out after earnings, levels to watch The shares are up over 9.1% to $51.49 after the company beat most earnings expectations. At current price, shares are at a level not seen since June 2008. Resistance is at $52.72, the high of the day. Support is at $50.49.
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.