Electronic Arts may rise to 153.80 - 156.00

142.8 is our pivot point.

Our preference

The upside prevails as long as 142.8 is support.

Alternative scenario

Below 142.8, expect 139.3 and 137.1.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 140.6975 and 135.4688). Finally, Electronic Arts is trading above its upper Bollinger band (standing at 146.65).

Supports and resistances

158.1 **

156 *

153.8 **

151.7

146.67 (USD-last)

144.3

142.8 **

139.3 *

137.1 **

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