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

By David Diaz

Electronic Arts (NASDAQ:EA) traded at a new 52-week high today of $122.79. So far today approximately 251,000 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 $71.01 and a high of $122.79 and are now at $122.10, 72% above that low price. Over the past week, 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.

Based on a current price of $122.10, Electronic Arts is currently 4.3% above its average consensus analyst price target of $116.90. The stock should find initial support at its 200-day moving average (MA) of $67.41 and further 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 47.7%. 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