Electronic Arts had its Relative Strength (RS) Rating upgraded from 71 to 85 Monday.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.
Electronic Arts is now considered extended and out of buy range after clearing a 180.90 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Electronic Arts showed -52% EPS growth in the latest quarterly report. Sales gains came in at 1%. Look for the next report on or around Oct. 28.
The company earns the No. 5 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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