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.