Electronic Arts saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 62 to 76.
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their largest runs. See if Electronic Arts can continue to rebound and hit that benchmark.
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Electronic Arts broke out earlier, but is now around 5% below the prior 146.45 entry from a cup with handle. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also keep in mind that the most recent consolidation is a later-stage base, and such bases are more prone to failure.
The company posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around May 6.
Electronic Arts holds the No. 2 rank among its peers in the Computer Software-Gaming industry group. NetEase ADR is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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