In a welcome move, Electronic Arts stock saw its Relative Strength Rating improve from 64 to 73 on Wednesday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their largest climbs. See if Electronic Arts stock can continue to show renewed price strength and hit that benchmark.
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Is Electronic Arts Stock A Buy?
Electronic Arts stock is trying to complete a flat base with a 143.47 buy point. See if it can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The gaming company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 6%. Revenue rose from 1% to 3%.
Electronic Arts stock earns the No. 5 rank among its peers in the Computer Software-Gaming industry group. NetEase ADR and NeoGames are also among the group's highest-rated stocks.
