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Electronic Arts Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Electronic Arts (NASDAQ:EA) traded today at $114.95, breaking its 52-week high. So far today approximately 226,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Over the past year, Electronic Arts has traded in a range of $53.01 to $114.95 and is now at $114.68, 116% above that low. 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.

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.

Electronic Arts (NASDAQ:EA) is currently priced 18.1% above its average consensus analyst price target of $93.90. The stock should discover initial support at its 200-day moving average (MA) of $67.41 and subsequent support at its 50-day MA of $64.61.

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 38.7%. 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

Ticker(s): EA