( Yesterday close ) Chart courtesy of stockcharts

Looking at the daily chart of Electronic Arts, we can understand perfectly that yesterday the stock broke through $50 resistance, and is trading above all of two major moving averages. A closer look at the chart, we can see also that MACD is positive and rising, and the RSI is over 50 and also rising. So, the technical scenario of rebound to test its 200-day moving average at $52.60 is now more very likely than was before. Stock is now in a breakout mode. Stay tuned on her.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.