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Momentum Model Portfolio Rebalancing  EXIT (NASDAQ: ARM) and ENTRY (NYSE: DVN)

Apr 02, 2026 | Team Kalkine
Momentum Model Portfolio Rebalancing  EXIT (NASDAQ: ARM) and ENTRY (NYSE: DVN)
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  • ARM:NASDAQ
  • Investment Type
    Large-cap
  • Risk Level
  • Action
  • Rec. Price (US$)
  • DVN:NYSE
  • Investment Type
    Large-cap
  • Risk Level
  • Action
  • Rec. Price (US$)

Exit Case: Arm Holdings PLC

Arm Holdings PLC (NASDAQ: ARM) operates a global computing platform focused on designing and licensing high-performance, energy-efficient Arm Compute architectures. ARM has been a part of the Momentum Model Portfolio' since Mar 23, 2026. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on stock at the close market price of USD 155.07 as on Apr 1, 2026. 

ARM’s Daily Chart

New Entry Case: Devon Energy Corp.

Devon Energy Corp. (NYSE: DVN) engages in the exploration, development, and production of oil and natural gas properties.

Technical Analysis: DVN remains firmly supported at key levels, with the rising 21-period SMA indicating potential for short-term upside. The 14-period RSI stays above the midpoint, signaling improving momentum and growing buying interest. Given its track record of resilience, the stock appears well-positioned to maintain its upward trajectory, with a chance to retest prior highs if momentum continues.

DVN is recommended as a new entry in the 'Momentum Model Portfolio' as on Apr 2, 2026. Considering technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the close market price of USD 48.59 as on Apr 1, 2026. 

DVN’s Daily Chart

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of Apr 1, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.


Disclaimer-

Kalkine Equities LLC, with Delaware File Number 4697384, Foreign Qualification Registration in California File Number 202109211078, and Texas File Number 805521396, is authorized to provide general advice only. The information on https://kalkine.com/ does not take into account any of your investment objectives, financial situation or needs. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. The link to our Terms and Conditions  and Privacy Policy has been provided for your reference. On the date of publishing the reports (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.

Past performance is not a reliable indicator of future performance.

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