ELECTRONIC ARTS INC
(ERTS-Nasdaq):
Technical Viewpoint: From a low
of $47.51 on Jan 17, 2003 prices
rallied, reaching a
high of $53.17
on Jan 30, 2003. A
decline saw prices pull back, reaching a
low of
$47.90 on Feb 2, 2003.
Another rally saw prices penetrate
resistance, closing 3/6/03
at $53.94. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Feb 25, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47.90. Resistance: Is at $54.88.
Point & Figure: Reversed to the upside on Feb 18, 2003. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! ELECTRONIC ARTS INC
(ERTS-Nasdaq) @ $54.38 Stop: Use a protective stop of $51.88.
ELECTRONIC ARTS INC is currently trading @ $53.94 plus $1.15 on Mar 6, 2003. Price Objective:
$69.00. Risk/Reward: $2.50 VS. $14.63. Today's Risk Reward Ratio: 6:1
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