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Bearish Moving Average Cross by Electronic Arts (EA)

By David Diaz

Electronic Arts (NASDAQ:EA) crossed under its 10-day moving average of $126.17 on a volume of 597K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Electronic Arts share prices have been bracketed by a low of $71.01 and a high of $131.01 and are now at $124.65, 76% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Electronic Arts on January 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.35. Since that recommendation, shares of Electronic Arts have risen 14.7%. We continue to monitor EA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Electronic Arts

Ticker(s): EA