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Arm Holdings Stock May Plunge Following Results (Technical Analysis)
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Arm Holdings Stock May Plunge Following Results (Technical Analysis)

Seeking Alpha·Mott Capital Management·28 days ago
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Home Earnings Analysis Tech  Summary Arm Holdings plc is set to report Q4 results on May 6 after market close. Consensus expects EPS growth of 5.8% to $0.58 and revenue up 18.5% to $1.4 billion. Despite anticipated lackluster results, ARM has more than doubled from February lows. Options positioning suggests bullish sentiment, with traders betting on further ARM stock upside post-earnings. Looking for a portfolio of ideas like this one? Members of Reading The Markets get exclusive access to our subscriber-only portfolios. Learn More » Sundry Photography/iStock Editorial via Getty Images Arm Holdings plc ( ARM ) has seen its stock more than double since the end of February; that advance is likely to unwind some after the company reports results on May 6 Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions.…

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