S&P 500 Market Outlook: Mildly Bullish
Bullish Trade: EA $114.24
The bullish DailyPlay for Thursday, April 30th is Electronic Arts (EA). EA has rallied during COVID-19 lockdowns as streaming and gaming stocks took off.
Fundamental View
- Mobile revenue gains 25-50% during COVID-19 lockdown periods
- Earnings on May 5th (in 6 days)
Technical View
- EA’s 1M and 6M trend has remained bullish since early April
- EA broke out above $110 resistance and retesting as support
- Strong relative strength score (9 out of 10)
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