Don't Ignore This Chart!

Volatility Contracts as Bollinger Bands Narrow for Garmin


After surging above its October high, Garmin moved into a consolidation and volatility contracted. Notice how Bollinger Band Width moved below the January low and to its lowest level in months. This volatility contraction could foreshadow a volatility expansion. Watch support and resistance for the first direction clue.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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