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Shares of Electronic Arts Has Risen Above Previous 52-Week High

By Nick Russo

Electronic Arts (NASDAQ:EA) traded today at a new 52-week high of $78.88. So far today approximately 342,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 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.

There is potential upside of 5.9% for shares of Electronic Arts based on a current price of $78.84 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.

Over the past year, Electronic Arts has traded in a range of $53.01 to $78.88 and is now at $78.84, 49% 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.

SmarTrend is monitoring the recent change of momentum in Electronic Arts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Electronic Arts in search of a potential trend change.

Keywords: 52 week high/lows Electronic Arts

Ticker(s): EA