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Shares of ARMH Up 32.7% Since Uptrend Call on Shares
Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for ARM Holdings (NASDAQ:ARMH) on September 14th, 2012 at $28.50. In approximately 4 months, ARM Holdings has returned 32.74% as of today's recent price of $37.83.
In the past 52 weeks, ARM Holdings share prices have been bracketed by a low of $21.64 and a high of $38.68 and are now at $37.83, 75% above that low price. The 200-day and 50-day moving averages have moved 0.75% higher and 2.16% higher over the past week, respectively.
ARM Holdings plc develops processors, data engines, peripherals, software, and tools. The Group's solutions are used in a variety of applications, including in the automotive, consumer entertainment, digital imaging, mass storage, networking, security, and wireless industries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of ARM Holdings shares.Log in and add ARM Holdings (ARMH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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