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Bearish Moving Average Cross by Electronic Arts (EA)

By David Diaz

Electronic Arts (NASDAQ:EA) shares have crossed bearishly below their 10-day moving average of $93.89 on a volume of 1.1 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Electronic Arts has traded in a range of $73.91 to $151.26 and is now at $91.60, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Electronic Arts on February 21st, 2019 by issuing a Downtrend alert when the shares were trading at $97.50. Since that call, shares of Electronic Arts have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Electronic Arts

Ticker(s): EA