Electronic Arts Inc

AAA

For today's chart we've chosen to take a look at ERTS because it has recently broken out of a cup-and-handle pattern. As you can see from the chart below, the bulls have been able to send the price of the company's shares above the resistance of $57.50 - a level that has prevented a move higher several times in the past. Most traders would expect to see this former price barrier act as support in the event of a pullback.

We've also brought attention to the large volume that accompanied the breakout because this may also be used by traders to confirm the upward momentum.



ERTS_111406.gif

You May Also Like

Related Analysis
  1. Chart Advisor

    Profit From Holiday Spending With This ETF

  2. Chart Advisor

    Cocoa Prices Setting Up For A Move Lower

  3. Chart Advisor

    How To Trade The Biggest U.S. Companies In 2015

  4. Chart Advisor

    'Tis The Season For Food And Beverage Stocks

  5. Chart Advisor

    Commodities Set Up For A Continued Move Lower

Trading Center