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SmarTrend Watching for Potential Pullback in Shares of Electronic Arts After 1.83% Gain
Jan 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Electronic Arts (NASDAQ:EA) traded in a range yesterday that spanned from a low of $14.65 to a high of $15.10. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $14.92 on volume of 8.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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.
In the past 52 weeks, shares of Electronic Arts have traded between a low of $10.77 and a high of $26.13 and are now at $15.04, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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