Electronic Arts (EA) came to life with its second bounce off support and a breakaway gap. This gap occurred on high volume and the stock broke above the late December high. Friday's move put EA into positive territory for the year. In addition, the StockCharts Technical Rank (SCTR) surged above its December high.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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