[Entering Position in Arm Holdings Plc Ads (ARMHY)]
Dear Member:
Arm Holdings Plc Ads (ARMHY) has been in an uptrend since last November and, during that time has been essentially faithful to the 40 day moving average except for a brief period in March. It continues above that average now and has just bumped off and above the 20 day moving average.
I like the stock at $8.25 or better on a day order. If it goes against me, I would exit on a close below the 40 day MA.
DISCLOSURE: At the time of publication, I have no position in ARMHY or its options.
Sincerely,
Bill Kraft
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