Otmane El Rhazi from Investor's Business Daily - Investing RSS.
Electronic Arts (EA) has gotten its mojo back. The video game giant blew away analysts' expectations when it reported quarterly results Oct. 28 after the close. The company reported earnings growth of 121% to 73 cents a share, well ahead of the 53 cents analysts expected. On the next day, the stock gapped up and broke out past a 38.49 buy point from a double-bottom base. The pattern lasted 14 weeks and corrected 18%. It was awkwardly shaped but
Electronic Arts (EA) has gotten its mojo back. The video game giant blew away analysts' expectations when it reported quarterly results Oct. 28 after the close. The company reported earnings growth of 121% to 73 cents a share, well ahead of the 53 cents analysts expected. On the next day, the stock gapped up and broke out past a 38.49 buy point from a double-bottom base. The pattern lasted 14 weeks and corrected 18%. It was awkwardly shaped but
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