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Recent 52-Week High Exceeded in Shares of Electronic Arts (EA)

By David Diaz

Electronic Arts (NASDAQ:EA) traded at a new 52-week high today of $140.09. Approximately 716,000 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 1.4% exists for Electronic Arts, based on a current level of $139.05 and analysts' average consensus price target of $141.00. The stock should find initial support at its 50-day moving average (MA) of $126.06 and further support at its 200-day MA of $118.90.

Electronic Arts share prices have moved between a 52-week high of $140.09 and a 52-week low of $71.01 and are now trading 96% above that low price at $139.05 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

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 6.7%. 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