Electronic Arts may rise to 158.30 - 161.50

Our pivot point is at 142.2.

Our preference

As long as 142.2 is support look for 158.3.

Alternative scenario

The downside breakout of 142.2 would call for 136.8 and 133.6.

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 trading above both its 20 and 50 day moving average (respectively at 145.7155 and 142.2868).

Supports and resistances

164.9 **

161.5 *

158.3 **

155

147.04 (USD-last)

144.3

142.2 **

136.8 *

133.6 **

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