Notice the good price action (circled) and solid volume trends. The MACD has now turned up for a buy signal, and the RSI is breaking out to a new high. The stock stopped right at the bottom of the cloud, which is still red. This means the downtrend still intact. The stock could take the projected path, but with so much resistance ahead we must be cautious. The stock has already run 13% higher in two short weeks. A modest pullback to the 20 ma before a move higher is likely.
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About Electronic Arts (EA)
Electronic Arts Inc. develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. The company develops and publishes games and services across various genres, such as sports, first-person shooter, action, role-playing, and simulation. Their best-known games are under the Battlefield, Mass Effect, Need for Speed, The Sims, and Plants v. Zombies brands. They also license games from others, such as FIFA, Madden NFL, and Star Wars.
Electronic Arts Inc. was founded in 1982 and is headquartered in Redwood City, California