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After Yesterday's Decline of 3.59%, Electronic Arts Offers Investors Better Value

By David Diaz

Electronic Arts (NASDAQ:EA) traded in a range yesterday that spanned from a low of $90.19 to a high of $92.86. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $91.57 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Electronic Arts on July 27th, 2018 by issuing a Downtrend alert when the shares were trading at $134.62. Since that call, shares of Electronic Arts have fallen 30.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Electronic Arts share prices have been bracketed by a low of $71.01 and a high of $151.26 and are now at $90.41, 27% above that low price. The 200-day and 50-day moving averages have moved 0.37% lower and 2.57% lower over the past week, respectively.

Keywords: rebounders Electronic Arts

Ticker(s): EA