Garmin Ltd (NYSE:GRMN) Identified by Minervini's Trend Template and High Growth Momentum Screen

Garmin Ltd (NYSE:GRMN) has been identified through a screening process that combines Mark Minervini’s Trend Template with a High Growth Momentum (HGM) rating. This dual method confirms that chosen stocks show both solid technical momentum, meaning they are in a good uptrend, and display fundamental growth traits that interest momentum and growth investors. The strategy highlights the need to match technical health with improving business results, a method Minervini has used effectively to get returns that beat the market.

Garmin meets all main parts of Minervini’s Trend Template, which is made to find stocks in a confirmed Stage 2 climb, marked by increasing moving averages, good relative strength, and price movement close to new highs. The stock is trading above its 50-day ($224.05), 150-day ($212.43), and 200-day ($212.31) simple moving averages, with all three moving up. This agreement points to continued positive momentum across short, medium, and long-term periods. Also, the present price of $241.82 is over 30% above its 52-week low of $160.94 and within 2% of its 52-week high of $246.50, meeting Minervini’s rule for stocks to display a major recovery and trade near new highs to confirm strength. The stock’s relative strength ranking of 83.92 further confirms its status of doing better than the market.

From a growth viewpoint, Garmin shows solid fundamental momentum, a central part of Minervini’s SEPA® methodology, which looks for companies with getting better sales, earnings, and profit margins. The company’s trailing twelve-month (TTM) earnings per share (EPS) grew 33.44% year-over-year, while revenue rose 19.65% over the same time. Recent quarterly results are even more notable, with EPS growth of 37.34% and sales growth of 20.44% in the latest quarter. The company has exceeded EPS estimates in three of the past four quarters by an average of 14.77%, showing a habit of positive surprises that frequently draw institutional attention. Profit margins stayed good at 22.09% for the last quarter, and free cash flow per share grew 30.27% over the past year, highlighting the company’s financial health and capacity to finance future expansion.

These growth measures are important within Minervini’s structure because steady fundamental betterment often comes before and goes along with major price gains. Stocks that display a quickening in earnings and revenue, especially when joined with high relative strength and good chart patterns, are more prone to continue their uptrend as they get noticed by growth and momentum investors.

Technically, Garmin is in a good state. The stock gets a complete ChartMill Technical Rating of 10, showing very good trend condition, while its setup rating of 3 implies it might be stretched in the near term and could gain from a pause before offering a more favorable entry. Support levels are clear, with the closest major support area around $232,$234, giving a possible zone for pullbacks to stay. With both short and long-term trends positive and the stock trading near 52-week highs, the technical base stays firm.

For a more detailed technical assessment, readers can see the full technical report for Garmin.

Investors wanting to find more stocks that fit this high-growth, high-momentum method might look into other choices using the High Growth Momentum + Trend Template screen.

Disclaimer: This is not investment advice. This analysis is for informational and educational purposes only. Investors should conduct their own research and consider their risk tolerance before making any investment decisions.