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Look for Shares of Electronic Arts to Potentially Rebound after Yesterday's 3.43% Sell Off

By Amy Schwartz

Electronic Arts (NASDAQ:EA) traded in a range yesterday that spanned from a low of $93.89 to a high of $94.70. Yesterday, the shares fell 3.4%, which took the trading range below the 3-day low of $97.44 on volume of 3.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Electronic Arts share prices have moved between a 52-week high of $151.26 and a 52-week low of $73.91 and are now trading 28% above that low price at $94.49 per share. The 200-day and 50-day moving averages have moved 0.56% lower and 0.56% higher over the past week, respectively.

Keywords: rebounders Electronic Arts

Ticker(s): EA