Electronic Arts (EA) has had a great run the past three years. Can it continue? Let's look at the charts of EA.
EA made a new 52-week high yesterday and is retreating a little today. The On-Balance-Volume line confirms the rally. The Moving Average Convergence Divergence (MACD) oscillator is in positive territory and rising. No dark clouds around.
The longer-term view of EA is impressive. Notice the rising 40-week moving average and how EA has bounced off of it. The OBV line is positive, and the MACD oscillator is close to another buy signal. So to answer the question whether EA can keep climbing, yes, and our next upside target is the $85 area. The height of the recent consolidation for EA is $10, $65 to $75, and that is added to the breakout over $75.