Don't Ignore This Chart!

Electronic Arts Takes Another Run At Breaking Out

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The Electronic Arts Company (EA)  has really been on a roll the last few years. Recently the stock started to consolidate in a tight range sideways. But this week, the momentum looks higher again. Today, it is outpacing the broader indexes and is on its way to the $75 level. The SCTR ranking surged back above 90 and is really strong. 


Today marks a break of the two-month trend line within a sideways consolidation. It still looks bullish. I think as long as the general market holds up this should continue to find higher highs. Most of the pullbacks matched the overall market pullbacks. 

Good trading,
Greg Schnell, CMT

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined StockCharts.com in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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