Garmin Ltd

GRMN has triggered a Bearish Pivot Point with the 9EMA crossing below the 50SMA and a failure of upside follow-through, marking a medium-term shift to structural repair. Short-term price remains below declining 9/20 EMAs after a shallow bounce off the 50SMA, reflecting loss of demand. Conditions now favor immediate bearish execution, so we recommend selling now into any rallies toward the 9EMA/20EMA overhead zone.

• ↑Q4 revenue $2.1B (+17% YoY), fitness segment growth of 33%.
• ↑Pro forma EPS of $8.56 highlights strong profitability.
• ↓Memory cost inflation likely to compress H2 operating margins.