Summary

• 100% technical buy signals.
• 15 new highs and up 10.95% in the last month.
• 68.09% gain in the last year.

The Barchart Chart of the Day belongs to the Swiss tech company Garmin (Nasdaq: GRMN).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 6/25 the stock gained 20.82%. 

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Barchart technical indicators:

• 100% technical buy signals
• 76.48+ Weighted Alpha
• 68.09% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 10.95% in the last month
• Relative Strength Index 67.22%
• Technical support level at 176.43
• Recently traded at 174.4 with a 50 day moving average of 157.32

Fundamental factors:

• Market Cap $34.31 billion
• P/E 28.50
• Dividend yield 1.52%
• Revenue expected to grow 18.10% this year and another 7.60% next year
• Earnings estimated to increase 10.10% this year, an additional 11.00% next year and continue to compound at an annual rate of 8.46% for the next 5 years
• Wall Street analysts issued 1 strong buy, 3 buy, 5 hold and 1 sell recommendation on the stock
• The individual investors following the stock on Motley Fool voted 4,133 to 414 that the stock will beat the market, with the more experienced investors voting 919 to 61 for the same result
• TipRanks rates the stock 10/10
• 19,220 investors are monitoring the stock on Seeking Alpha