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Bearish Engulfing appears for ARM after 2.62% move
ARM posted a 2.62% loss on Friday, September 12th, accompanied by 0.8× normal trading volume. Multiple bearish signals emerged — Bearish Engulfing, Stochastic Sell Signal & Upper Bollinger Band Walk — suggesting potential weakness ahead. Key support levels exist at 147.92, 145.21 & 141.39, with resistance at 154.45, 158.27 & 160.98. Slow Stochastic readings suggest the stock is currently overbought.
Current SwingTradeBot Technical Rating of ARM: D
There’s more where that came from. See all of today’s signals for ARM here.
Read full article here »