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Electronic Arts Bearish Moving Average Crossover Alert (EA)

By Nick Russo

Electronic Arts (NASDAQ:EA) shares have crossed bearishly below their 10-day moving average of $119.11 on a volume of 466K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Electronic Arts have traded between a low of $71.01 and a high of $122.79 and are now at $118.39, which is 67% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

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 44.5%. 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