Is this a Reversal Pattern for ARM ?

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Is this a Reversal Pattern for ARM ?

Published on Tuesday, 13 December 2011 04:30 Written by TradersHuddle Staff

armh New York, December 13th (TradersHuddle.com) - Shares of ARM Holdings plc (NASDAQ:ARMH) ended the trading session lower by $0.17 or -0.63% from its previous close. ARM's price action in today's session formed what is considered to be a Hammer, where bears drove prices lower intraday. However, the strong finish indicates that bulls regained control forming a trend reversal.

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