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

By Amy Schwartz

Electronic Arts (NASDAQ:EA) traded at a new 52-week high today of $136.99. Approximately 458,000 shares have changed hands today, as compared to an average 30-day volume of 3.1 million shares.

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.

Potential upside of 4.1% exists for Electronic Arts, based on a current level of $135.45 and analysts' average consensus price target of $141.00. Electronic Arts shares have support at the 50-day moving average (MA) of $124.60 and additional support at the 200-day MA of $118.42.

In the past 52 weeks, shares of Electronic Arts have traded between a low of $71.01 and a high of $136.99 and are now at $135.45, which is 91% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 0.36% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Electronic Arts on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $129.26. Since that recommendation, shares of Electronic Arts have risen 5.0%. 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