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

By David Diaz

Electronic Arts (NASDAQ:EA) traded today at a new 52-week high of $81.00. Approximately 1.2 million shares have changed hands today, as compared to an average 30-day volume of 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.

Over the past year, Electronic Arts has traded in a range of $53.01 to $81.00 and is now at $80.69, 52% above that low. 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 (NASDAQ:EA) has potential upside of 3.5% based on a current price of $80.69 and analysts' consensus price target of $83.52. 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 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