Re: Electronic Arts (EA)
Posted: Sun Jul 07, 2019 5:54 pm
vested
Shares of Electronic Arts (NASDAQ:EA) made a really negative development this week.
On the plus side, the stock held up at long-term range support near $90.
On the downside though, range resistance at $105 is still in place, while EA also fell through its 10-week, 50-week and 200-week moving average during the week.
Until proven wrong, though, bulls can buy on dips down toward $90 and sell on rallies up to $105.
A breakout or breakdown from either level would negate that setup.
Source: Investor Place
Shares of Electronic Arts (NASDAQ:EA) made a really negative development this week.
On the plus side, the stock held up at long-term range support near $90.
On the downside though, range resistance at $105 is still in place, while EA also fell through its 10-week, 50-week and 200-week moving average during the week.
Until proven wrong, though, bulls can buy on dips down toward $90 and sell on rallies up to $105.
A breakout or breakdown from either level would negate that setup.
Source: Investor Place