By: Marc Sperling
Early in the New Year, I was closely watching Garmin (GRMN) for a breakout above the $32.50 area. It took a few days for the stock to breakout, but following the gapup on January 8th, we have gotten a quick move higher. Today Garmin reached our first target, prompting us to take some profits. With the remainder of our position, I will leave a little room for the stock to attempt to fully complete that gap down from late October.
