ARM Holdings Plc (ARM)

[JJ8]

Wells Fargo Initiates Arm Holdings at Overweight Rating With $70 Price Target

9:20 AM ET, 11/20/2023 - MT Newswires
09:20 AM EST, 11/20/2023 (MT Newswires) -- Arm Holdings (ARM) has an average outperform rating and a price target range of $34 to $85, according to analysts polled by Capital IQ.

Momentum for ARM is strongly bullish. The 14-period Slow Stochastic oscillator is above 80, the level which many analysts call overbought. This means that investors have been actively purchasing shares and driving the price higher.

Today's volume is on track to be heavier than usual, with 4,059,803 shares having traded so far. The On Balance Volume indicator (OBV) shows that longer term selling pressure has given way to near term accumulation by traders.