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Electronic Arts Bearish Moving Average Crossover Alert (EA)

By David Diaz

Today, shares of Electronic Arts (NASDAQ:EA) have crossed bearishly below their 10-day moving average of $126.01 on a volume of 398K 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.

Electronic Arts share prices have moved between a 52-week high of $131.13 and a 52-week low of $71.01 and are now trading 76% above that low price at $125.33 per share. 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 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 14.6%. 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