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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 $89.55 on a volume of 616K 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 $73.91 and a high of $151.26 and are now at $88.43, 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Electronic Arts and will alert subscribers who have EA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Electronic Arts

Ticker(s): EA