Shares of Electronic Arts Are Moving Higher on 1.8x Above-Average Volume (EA)

Published on Thu, 01/31/2013 - 14:14
By Mallory Stone in Unusual volume, EA, electronic arts, nasdaq:ea, unusual volume

Shares of Electronic Arts are trading up 2.9% to $15.52 today on above average volume. Today's volume of 9.3 million shares tops the average 30-day volume of 5.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

In the past 52 weeks, Electronic Arts share prices have been bracketed by a low of $10.77 and a high of $26.13 and are now at $15.52, 44% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.88% higher over the past week, respectively.

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 has overhead space with shares priced $15.52, or 1.5% below the average consensus analyst price target of $15.76. The stock should find initial support at its 50-day moving average (MA) of $14.50 and further support at its 200-day MA of $13.55.

By Mallory Stone
mstone@fnno.com

Latest News from FNNO

Possible Bearish Inside Day Candle Patte...

Analyzing the price chart for Harvard Bioscience (NASDAQ:HBIO) has revealed a potentia ...

Possible Bearish Inside Day Candle Patte...

Analysts have spotted a possible bearish inside day candle pattern in Amazon.com (NASDA ...

Possible Bearish Inside Day Candle Patte...

Analyzing the price chart for Intel (NASDAQ:INTC) has revealed a potential bearish ins ...

Ryder System had the Lowest Relative Per...

Below are five companies in the Trucking industry that underperformed yesterday on a re ...

Reynolds American had the Lowest Relativ...

Analysis was conducted on the Tobacco industry to measure relative performance to find ...

VMware has Relatively Underperformed its...

Here are 5 stocks in the Systems Software industry ranked by performance. We compiled ...

Short-term Underperformance Detected in ...

Analysis was conducted on the Steel industry to measure relative performance to find st ...

Short-term Underperformance Detected in ...

Analysis was conducted on the Specialty Stores industry to measure relative performance ...