We last wrote about Electronic Arts (EA) back on May 5, writing that, "Sometimes it is hard to wait for a breakout. We like to see stocks move immediately, if not sooner. EA looks ready for new highs but traders should wait for a trade at $120 before going long. Risk below $10. The first price target is $134."
EA left our $134 price target in the dust by early August but then suffered a correction into early November. Prices are in a new uptrend ahead of earnings that are due out after the close on Tuesday.