Electronic Arts saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 66 to 73.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Electronic Arts can continue to show renewed price strength and clear that threshold.
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Electronic Arts has moved more than 5% past a 153.50 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew 47% last quarter, up from -54% in the prior report. Revenue also increased, from -14% to 6%.
The company earns the No. 2 rank among its peers in the Computer Software-Gaming industry group. DoubleDown Inter ADR is the No. 1-ranked stock within the group.
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