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After Yesterday's Decline of 2.10%, Electronic Arts Offers Investors Better Value

By Nick Russo

Electronic Arts (NASDAQ:EA) traded in a range yesterday that spanned from a low of $116.73 to a high of $119.30. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $118.51 on volume of 972,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $117.19, 65% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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 44.5%. We continue to monitor EA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Electronic Arts

Ticker(s): EA