ARM's share price has risen from its March 2009 low of 90p to 1000p, and is now ripe for a correction, says Ragu Dharmaratnam of Baselica.
A 13-year-old resistance level kicks in at 1,000p, and one possibility would be to go short with a stop-loss at 1050p. Bearishly, the relative strength index has not be confirming the price highs lately, something that often precedes a reversal.
