Arm Holdings plc : Bullish signal
By Alexis Peyrard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$907 | $990 | $885 | +9.15% |
From a fundamental viewpoint the company displays attractive growth perspectives and enjoys a strong profitability. Moreover, the financial situation is sound. The consensus is mainly on Outperform and the average target price offers a 12% potential on current stock prices.
Graphically, following a strong rebound, the share recently crossed a strong resistance level. Thus, new bullish target, such as GBp 990, can be aimed at.
Therefore, a long position could be opened on the current price. The goal will then be fixed at GBp 990 for a stop loss under the entry points in case of failure of the bullish overflow.