TMCnet News
Upgrade Alert for Electronic Arts (EA)Feb 06, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Electronic Arts (NASDAQ:EA) was upgraded from Neutral to Buy at Sterne Agee today. The stock closed yesterday at $16.00 on volume of 3.8 million shares, below average daily volume of 5.7 million. 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. Based on a current price of $16.89, Electronic Arts is currently 4.4% above its average consensus analyst price target of $16.15. The stock should discover initial support at its 50-day moving average (MA) of $14.71 and subsequent support at its 200-day MA of $13.57. Over the past year, Electronic Arts has traded in a range of $10.77 to $26.13 and closed yesterday at $16.89, 57% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant. SmarTrend is monitoring the recent change of momentum in Electronic Arts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Electronic Arts in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |