OptionsPlay DailyPlay

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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