The gains for video game and other gaming stocks over the past year have been nothing short of spectacular. But with signs of a pause in some names, it may be time for another look. 

In his "Off the Charts" segment of Mad Money Wednesday night, Jim Cramer spoke with Bob Moreno, a contributor to RealMoney.com and the publisher of RightViewTrading.com, to get a better sense of the sector.

Cramer and Moreno started with Take-Two Interactive Software  (TTWO) , the company behind the Grand Theft Auto franchise, which is up 130% over the past year. 

After flying high in early November, Take-Two's stock seemed to stall, and failed to break out new highs. Since then it's pulled back below its 50-day moving average. Moreno says it's been consolidating in a cup-and-handle pattern right below its ceiling of resistance at $115. It's one of the most reliably bullish patterns in the book. 

On Friday, Take-Two broke out above that $115 ceiling, retesting its November highs. Moreno likes what's happening. The Moving Average Convergence Divergence, or MACD, indicator has made a bullish crossover, where the black line crosses above the red one. This is another reliably bullish signal that a stock is ready to run. Meanwhile, the On Balance Volume line, a momentum indicator that looks at volume flow-adding the volume on up days and subtracting the volume on down days-continues to move higher. That's another bullish tell, suggesting that big institutional money managers continue to add to their positions.

To be sure, Take-Two has pulled back over the past couple of days, falling below its  key $115 level again, but Moreno thinks the stock soon be ready to resume it's long-term march higher.

That said, he doesn't think Take-Two is the best bet in the video game space right now, simply because Activision Blizzard and Electronic Arts have more room to run.

The daily chart of Activision Blizzard (ATVI) , the company behind Call of Duty, among others, was next on Cramer and Moreno's list.  Activision has a lot of exposure to the booming e-sports business, where people actually pay real money to watch other people play video games in big arenas.

Moreno notes that Activision's stock has been under consolidation for four months-basically trading sideways, stuck in a range between $60 and $67. Last month, the stock dipped below its floor of support, but it bounced after hitting its 200-day moving average and it's been making a comeback ever since.

The stochastic oscillator, which measures whether a stock is over bought or oversold recently crossed above the center line. At the same time, the Chaiken Money Flow oscillator, which measures the level of buying or selling pressure in a security, recently moved into positive territory. 

Activision just made a higher high above its small uptrend line and Moreno thinks it's ready to break out.  

Finally Cramer and Moreno looked at the daily chart of Electronic Arts (EA) , the company behind the Madden NFL and Sims franchises, among others.

This stock has also been consolidating, for even longer than Activision.

EA's stock began to flatten out in the middle of last year, then rolled over, forming a rounded top. In December, the stock fell to $100, where it held before rebounding to form a cup and handle pattern, just under $110, Similar to Take-Two.

With EA now at $111, the stock has broken out above its ceiling of resistance. Meanwhile, the Relative Strength Index or RSI, an important momentum indicator, has been tracking higher since December. The accumulation/distribution line, another key measure of money flow, has been flat for months. This is going to need to pick up before Moreno will believe that EA is ready to run.

Over on Real Money, Cramer says the more Treasuries the Chinese dump, the better. Get more on his insights with a free trial subscription to Real Money.

Cramer and the AAP team are using today's weakness to add more shares of Constellation Brands (STZ) to the portfolio. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had a position in ATVI, STZ.

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