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Bullish Moving Average Cross by ARM Holdings (ARMH)

By James Quinn

Today, shares of ARM Holdings (NASDAQ:ARMH) have crossed bullishly above their 10-day moving average of $47.88 on a volume of 14.2 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

ARM Holdings share prices have moved between a 52-week high of $67.36 and a 52-week low of $36.68 and are now trading 83% above that low price at $67.19 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of ARM Holdings on June 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.91. Since that recommendation, shares of ARM Holdings have risen 4.8%. We continue to monitor ARMH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses arm holdings

Ticker(s): ARMH