Shares of Electronic Arts Rise Above Previous 52-Week High
Electronic Arts (NASDAQ:EA) traded today at a new 52-week high of $86.07. This new high was reached on below average trading volume as 164,000 shares traded hands, while the average 30-day volume is approximately 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.
Based on a current price of $85.43, Electronic Arts is currently 2.2% above its average consensus analyst price target of $83.52. Electronic Arts shares have support at the 200-day moving average (MA) of $67.41 and additional support at the 50-day MA of $64.61.
In the past 52 weeks, Electronic Arts share prices have been bracketed by a low of $53.01 and a high of $86.07 and are now at $85.43, 61% 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.
SmarTrend recommended that subscribers consider buying shares of Electronic Arts on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.92. Since that recommendation, shares of Electronic Arts have risen 8.2%. 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