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Shares of Electronic Arts Rise to a New 52-Week High

By James Quinn

Electronic Arts (NASDAQ:EA) traded today at a new 52-week high of $147.73. So far today approximately 269,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Electronic Arts (NASDAQ:EA) defies analysts with a current price ($147.64) 4.5% above its average consensus price target of $141.00. The stock should find initial support at its 50-day moving average (MA) of $135.92 and further support at its 200-day MA of $121.47.

Over the past year, Electronic Arts has traded in a range of $71.01 to $147.73 and is now at $147.64, 108% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 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.

SmarTrend is tracking the current trend status for Electronic Arts and will alert subscribers who have EA in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Electronic Arts

Ticker(s): EA