ELECTRONIC ARTS INC
(ERTS-Nasdaq):
Technical Viewpoint: From a low
of $41.20 on Oct 2, 2001 prices
rallied, reaching a
high of $57.75
on Oct 25, 2001. A
decline saw prices pull back, reaching a
low of
$49.78 on Nov 11, 2001.
Another rally saw prices penetrate
resistance, closing 11/29/01
at $58.01. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 15, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $53.00. Resistance: Is at $60.40.
Point & Figure: Reversed to the upside on Nov 29, 2001. A P&F upside
reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! ELECTRONIC ARTS INC
(ERTS-Nasdaq) @ $58.25 Stop: Use a protective stop of $55.50.
ELECTRONIC ARTS INC is currently trading @ $58.01 plus $4.40 on Nov 29, 2001. Price Objective:
$69.50. Risk/Reward: $2.75 VS. $11.25. Today's Risk Reward Ratio: 4:1
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