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Bullish Moving Average Cross by Electronic Arts (EA)

By Amy Schwartz

Electronic Arts (NASDAQ:EA) shares have crossed bullishly above their 10-day moving average of $89.14 on a volume of 188K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Electronic Arts share prices have moved between a 52-week high of $91.82 and a 52-week low of $53.01 and are now trading 70% above that low price at $89.92 per share. 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 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.56. Since that recommendation, shares of Electronic Arts have risen 7.8%. 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