Next on the breakout list is video game maker Electronic Arts (ERTS). This stock hasn't been all that exciting so far in 2010, with shares down around 4.45%. However, the buzz is starting to get loud for a number of the company's games that are coming to market, or have just recently launched, including Madden 2011, Medal of Honor and Need for Speed.
One big sports game that just hit the market is soccer game FIFA 2011. Just today, Electronic Arts announced that FIFA 11 is the fastest-selling sports game ever, and the title is off to the best start ever in markets all over the globe, such as the United Kingdom, France, Germany, Italy, Spain and North America.
This news is helping to push the stock higher and into breakout territory as shares clear some overhead resistance at around $17.50 a share. If you take a look at the chart, you'll see that this move is also coming on strong volume. If this buying momentum continues for Electronic Arts, the stock should easily print $20 a share in short order.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV