EA breakout watch

stock is back up to triple resistance and under a breakout watch

BREAKOUT WATCH for possible breakout above 23.59, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 25.34, 7.8% Stop: 22.8, Loss: 3%, Profit/Loss ratio: 2.6 : 1 - Good

CURRENT PRICE 23.51, at resistance, 23.21 ± 0.37, type triple, strength 5
RESISTANCE ABOVE None.



source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=EA

 

Interesting… any fundamental reason why this might be the case?

 

not sure I usually look for good technical setups.

 

EA took a pause at the new high but late today started moving towards breakout

BREAKOUT CONFIRMED breakout above 24.03, no resistance in area just above.
Type: True breakout from double resistance.
Target: 25.83, 6.4% Stop: 23.64, Loss: 2.6%, Profit/Loss ratio: 2.5 : 1 - Good