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Electronic Arts: The Winning Streak Continues (EA)

By Amy Schwartz

Electronic Arts (NASDAQ:EA) traded at a new 52-week high today of $111.26. So far today approximately 418,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Electronic Arts (NASDAQ:EA) defies analysts with a current price ($111.19) 15.6% above its average consensus 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.

Electronic Arts share prices have moved between a 52-week high of $111.26 and a 52-week low of $53.01 and are now trading 110% above that low price at $111.19 per share. 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.

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 34.3%. 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