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Electronic Arts: The Winning Streak Continues (EA)

By James Quinn

Shares of Electronic Arts (NASDAQ:EA) traded today at $77.58, breaking its 52-week high. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Electronic Arts share prices have moved between a 52-week high of $77.58 and a 52-week low of $53.01 and are now trading 46% above that low price at $77.40 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.

There is potential upside of 7.9% for shares of Electronic Arts based on a current price of $77.40 and an average consensus analyst price target of $83.52. 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.

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 5.4%. 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