03/16/2015 – Garmin

Garman, GRMN:

1. In Thurs. Mar. 12 Williams edge stock meeting it was noted that Garman would be a ‘Buy’ position upon any test of $47.50/$.30 into early the week of Mar. 16.

2. Today, Mon., Mar. 16 Garman declined to $47.29 before reversing quickly up to $48.55, completing the forecast.

3. Aggressive traders taking advantage of Thurs. indication should place a protective sell stop at $47.50. This stop will be moved higher as the market continues to confirm. Will update.

David Williams