Patience in Garmin Has Paid Off

Garmin (GRMN) has rebounded sharply off last week's lows. The stock is working on its fourth straight gain and is now up just shy of 7% from last week's settle.

The bulk of the gains came yesterday as shares surged more than 4.5% on heavy trade. Sparking the powerful move on Wednesday was an upgrade from Goldman Sachs. Analysts their lifted Garmin to Neutral from Sell, largely based on the launch of the VIRB action camera and its products. The bullish news pushed the stock back up to its July and early August highs. Today, the stock remains well bid as it begins to put some distance on heavy resistance near $40....225 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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