100% Fibonacci projection shows near term just above $50 (GRMN, rated BUY)
Posted on July 29, 2008 at 18:34 PM EDT
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...