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Garmin's stock, a competitor to Apple Watch, hit a new high in July after its Q2 earnings exceeded expectations, then pulled back and is now struggling to break out of its buy zone.
Global positioning system and wearable technology leader Garmin (GRMN) is a competitor to Apple (AAPL) in the smartwatch sector. After exceeding expectations in its Q2 earnings report, Garmin's stock hit an all-time high in July but has since pulled back from that peak. Currently, the stock is struggling to break out of its buy zone and hold above key moving averages.
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