Electronic Arts: 52-Week High Recently Eclipsed (EA)
Electronic Arts (NASDAQ:EA) traded at a new 52-week high today of $77.25. Approximately 392,000 shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.
In the past 52 weeks, Electronic Arts share prices have been bracketed by a low of $53.01 and a high of $77.25 and are now at $76.84, 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.
Potential upside of 8.7% exists for Electronic Arts, based on a current level of $76.84 and analysts' average consensus price target of $83.52. The stock should find initial support at its 200-day moving average (MA) of $67.41 and further support at its 50-day MA of $64.61.
Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.
SmarTrend recommended that subscribers consider buying shares of Electronic Arts on May 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.58. Since that recommendation, shares of Electronic Arts have risen 5.7%. We continue to monitor EA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Electronic Arts