Electronic Arts may rise to 152.40 - 155.20

Our pivot point stands at 137.2.

Our preference

As long as 137.2 is support look for 152.4.

Alternative scenario

The downside breakout of 137.2 would call for 132.7 and 130.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 141.9175 and 136.6962).

Supports and resistances

157.9 **

155.2 *

152.4 **

149.7

143.25 (USD-last)

138.9

137.2 **

132.7 *

130 **

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