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Look for Shares of Electronic Arts to Potentially Rebound after Yesterday's 1.05% Sell Off

By David Diaz

Electronic Arts (NASDAQ:EA) traded in a range yesterday that spanned from a low of $126.31 to a high of $129.30. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $126.80 on volume of 966,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Electronic Arts on January 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $110.35. Since that recommendation, shares of Electronic Arts have risen 16.1%. We continue to monitor EA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Electronic Arts share prices have been bracketed by a low of $71.01 and a high of $131.01 and are now at $126.76, 79% above that low price. The 200-day and 50-day moving averages have moved 0.34% lower and 0.05% higher over the past week, respectively.

Keywords: rebounders Electronic Arts

Ticker(s): EA