Semiconductor Stock Could Stage a Short-Term Breakout

Semiconductor stock Arm Holdings PLC (NASDAQ:ARM) is showing potential for a short-term breakout as it tests a key trendline at $140. Despite recent volatility, the stock has a 13.7% year-to-date gain. A bullish signal indicates a possible bounce, with historical data suggesting a 9.8% average gain one month later after similar conditions. Additionally, short interest at 11.1% of the float suggests potential for a short squeeze, further supporting the stock's upward movement.