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

By James Quinn

Shares of Electronic Arts (NASDAQ:EA) traded at a new 52-week high today of $116.04. So far today approximately 320,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

In the past 52 weeks, Electronic Arts share prices have been bracketed by a low of $53.01 and a high of $116.04 and are now at $114.96, 117% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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.

Based on a current price of $114.96, Electronic Arts is currently 18.3% above its average consensus analyst 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.

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 39.7%. 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