Stock Investors Bid Up Shares of Electronic Arts, Up 2.2%

Published on Mon, 12/31/2012 - 13:31
By Robert Cotter in Market movers, EA, electronic arts, market movers, nasdaq:ea

Electronic Arts (NASDAQ:EA) is a company whose shares are active, trading 2.2% higher to $14.22. The S&P is currently trading 0.9% higher to 1,416 and the Dow Jones Industrial Average is trading 0.7% higher to 13,025.

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 $14.22, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 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) has potential upside of 13.7% based on a current price of $14.22 and analysts' consensus price target of $16.17. The stock should discover initial support at its 50-day moving average (MA) of $13.89 and subsequent support at its 200-day MA of $13.78.

By Robert Cotter
rcotter@fnno.com

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