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Watch for Continued Gains in Shares of Electronic Arts (EA)

By Nick Russo

Electronic Arts (NASDAQ:EA) traded at a new 52-week high today of $138.39. So far today approximately 476,000 shares have been exchanged, as compared to an average 30-day volume of 3.1 million shares.

There is potential upside of 2.6% for shares of Electronic Arts based on a current price of $137.41 and an average consensus analyst price target of $141.00. The stock should find initial support at its 50-day moving average (MA) of $125.15 and further support at its 200-day MA of $118.60.

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.

Over the past year, Electronic Arts has traded in a range of $71.01 to $138.39 and is now at $137.41, 94% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Electronic Arts on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $129.26. Since that recommendation, shares of Electronic Arts have risen 6.0%. 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