$GRMN Looks On The Verge Of A Breakout

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I covered $GMRN last night in the live Week Ahead Webinar. The chart looks to be flagging for a sharp breakout to a new 52 week high. I think this week's earnings report will lend a hand in sending the stock higher. The risk would be further consolidation, which is possible, but

I view the spike higher, post-earnings, as the more likely scenario.

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Garmin $GRMN reports earnings before the bell tomorrow. I had the $47 Feb calls up on this morning's Watch List. I entered some of those this morning. They are currently trading for $1.02.

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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