Electronic Arts stock had its Relative Strength (RS) Rating upgraded from 69 to 72 Wednesday — a welcome improvement, but still short of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Electronic Arts stock can continue to show renewed price strength and clear that threshold.
Is Electronic Arts Stock A Buy?
Electronic Arts broke out earlier, but has fallen back below the prior 160.99 entry from a flat base. If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also keep in mind that the most recent consolidation is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The video game maker showed -52% earnings growth last quarter. Revenue increased 1%.
Electronic Arts stock holds the No. 4 rank among its peers in the Computer Software-Gaming industry group. NetEase ADR is the top-ranked stock within the group.
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