ELECTRONIC ARTS
(ERTS-Nasdaq):
Technical Viewpoint: From a low
of $47.42 on May 25, 2004 prices
rallied, reaching a
high of $53.38
on Jun 10, 2004. A
decline saw prices pull back, reaching a
low of
$50.33 on Jun 22, 2004.
Another rally saw prices penetrate
resistance, closing 6/25/04
at $53.25. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 4, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $51.00. Resistance: Is at $53.38.
Point & Figure: Reversed to the upside on Jun 18, 2004. A P&F upside
reversal takes place at $51.00. Summary: Technical indicators have turned bullish. BUY! ELECTRONIC ARTS
(ERTS-Nasdaq) @ $52.38 Stop: Use a protective stop of $49.88.
ELECTRONIC ARTS is currently trading @ $53.25 plus $1.94 on Jun 25, 2004. Price Objective:
$63.00. Risk/Reward: $2.50 VS. $10.62. Today's Risk Reward Ratio: 4:1
|
Click here to view full size chart
|