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Technical Analysis
- 11/19/2009 8:58:12 AM
By Chip Brian, SmarTrend Analytics Team
Arm Holdings (NASDAQ:ARMH) downgraded to Underperform, $6.80 target, at BofA/Merrill. The stock closed yesterday at $8.38 on volume of 1,129,040 shares, below average daily volume of 1,394,325.
ARM Holdings is currently above its 50-day moving average of $7.22 and above its 200-day moving average of $5.78.
SmarTrend is bullish on shares of ARMH and our subscribers received an Uptrend alert on February 06, 2009 at $4.44, which has returned 88.7% to date.
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