ARM Holdings plc (ARMH) : Traders are bullish on ARM Holdings plc (ARMH) as it has outperformed the S&P 500 by a wide margin of 2.66% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.52%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.03% in the last 1 week, and is up 2.53% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.4% and the 50-Day Moving Average is 14.08%.The 200 Day SMA reached 43.73%. ARM Holdings plc is up 55.76% in the last 3-month period. Year-to-Date the stock performance stands at 50.66%.
ARM Holdings plc (NASDAQ:ARMH): After opening at $67.69, the stock dipped to an intraday low of $67.435 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $67.93 and the buying power remained strong till the end. The stock closed at $67.77 for the day, a gain of 0.49% for the day session. The total traded volume was 2,112,933. The stocks close on the previous trading day was $67.44.
ARM Holdings plc (ARM) is a United Kingdom-based company engaged in designing of microprocessors, physical intellectual property (IP) and related technology and software, and sale of development tools. The Companys offers products, such as 16/32/64-bit RISC microprocessors, data engines, graphics processors, digital libraries, embedded memories, peripherals, software and development tools, as well as analog functions and high-speed connectivity products. The Companys product offering includes microprocessor Cores, physical IP, development tools and support and maintenance services. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs), application-specific standard processors (ASSPs) and microcontrollers (MCUs) based on ARMs technology to systems companies for incorporation into a variety of end products.