NEW YORK (TheStreet) -- Big recent moves in these four stocks suggest the likelihood of continued momentum.
Electronic Arts (EA) - Get Report the video-game developer, is in a beautiful, two-year rising channel. The stock broke through a key double top on Wednesday, up $1.43, or 3.8%, to $38.91. on 10.6 million shares, a day after reporting earnings and updating fiscal 2015 guidance. Shares got as high as $40.34 intraday, so let's see if that late pullback is a buying opportunity, and if it can make it to higher levels. Ultimately, it could be a stock in the mid-to-high $40s. the stock is up another 1.5% Thursday to $39.50, up 73% for the year to date.
Amedisys (AMED) - Get Report had a big move on Wednesday, the day it released earnings, up $3.42, or 15.6%, to $25.22 on 1.6 million shares. The home health care stock had popped out of a multi-month consolidation in July, formed a month-long wedge, and then popped again in August. It traded sideways in the $20 zone until recent days when it edged above resistance and then had the big breakaway gap.
Watch for the low from Wednesday to hold in the $23.95-$24 zone, and for the stock to move towards the channel top in the $29-$30 zone in the short term. Shares are currently around $25.50, up 74% for the year to date.
SolarWinds (SWI) - Get Report also had a big breakaway gap on Wednesday, up $4.67, or nearly 11%, to $47.25. Volume was $3.7 million, the highest since February. The move came the day after the software company reported a 28% increase in third-quarter revenue.
Watch for further upside after the breakout, with the next target at $51, the high from April 2013. Shares are now at $47, up nearly 25% for the year.
Zeltiq Aesthetics (ZLTQ) popped in August and pulled back last month in an orderly fashion, and is now starting to move up again. On Wednesday, the day the medical technology company reported earnings, the stock gained $1.60, or 6.5%, to $25.92 on unusually heavy volume attributed to an insider sale. Resistance is at the recent high near $27, a breakthrough that could get the stock into the $29-$30 range and eventually up the channel into the mid-$30s. Shares are at $26.60, up nearly 41% for the year to date.
At the time of publication, the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
TheStreet Ratings team rates ELECTRONIC ARTS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ELECTRONIC ARTS INC (EA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
You can view the full analysis from the report here: EA Ratings Report