Stock Investors Bid Up Shares of Electronic Arts, Up 1.4%

Published on Thu, 03/14/2013 - 12:46
By Robert Cotter in Market movers, EA, electronic arts, market movers, nasdaq:ea

One of today's stocks on the move is Electronic Arts (NASDAQ:EA), up 1.4% to $19.21. The S&P is trading higher by 0.4% to 1,561 and the Dow is trading 0.4% higher to 14,518.

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 $19.21, which is 78% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.5%.

Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.

Electronic Arts (NASDAQ:EA) is currently priced 10.3% above its average consensus analyst price target of $17.23. The stock should discover initial support at its 50-day moving average (MA) of $16.31 and subsequent support at its 200-day MA of $13.95.

By Robert Cotter
rcotter@fnno.com

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