Electronic Arts may rise to 147.60 - 150.40

Our pivot point stands at 134.5.

Our preference

As long as 134.5 is support look for 147.6.

Alternative scenario

The downside breakout of 134.5 would call for 130 and 127.2.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 138.064 and 133.002).

Supports and resistances

153.2 **

150.4 *

147.6 **

144.9

138.67 (USD-last)

136.3

134.5 **

130 *

127.2 **

Number of asterisks represents the strength of support and resistance levels.