Electronic Arts may rise to 151.30 - 153.80

Our pivot point stands at 137.4.

Our preference

The upside prevails as long as 137.4 is support.

Alternative scenario

The downside breakout of 137.4 would call for 133.6 and 131.3.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 138.7735 and 134.0438). Finally, Electronic Arts has crossed above its upper daily Bollinger band (142.92).

Supports and resistances

156.1 **

153.8 *

151.3 **

149

144.09 (USD-last)

138.8

137.4 **

133.6 *

131.3 **

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