Electronic Arts may rise to 159.70 - 163.00

142.6 is our pivot point.

Our preference

The upside prevails as long as 142.6 is support.

Alternative scenario

The downside breakout of 142.6 would call for 137.3 and 134.1.

Comment

The RSI is above its neutrality area at 50. 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 144.9615 and 140.0198).

Supports and resistances

166.2 **

163 *

159.7 **

156.6

148.83 (USD-last)

144.6

142.6 **

137.3 *

134.1 **

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