Explosive Breakout Positions ARM to Reach for the Stars

I don't often show daily charts on QV but this is interesting (a) because there is so little trading history and (b) because it is a perfect example of a breakaway gap. After the results, the shares exploded higher creating a $17 gap in trading. Some chartists say this needs to be filled. Maybe it will, maybe it won't, but it often signals the beginning of a sustained uptrend.

I have been looking for some time for what I call a third exciting AI stock. My first two are Nvidia and Super Micro and their shares have been racing higher. Now I think there is a possibility that ARM could join that group. They are talking the talk, that is for sure.