Technical Summary: Holding EA over the last 5 years has been a great place to be for shareholders. The stock is currently up 6 or 7 bags in that period. The uptrend has generally been continued in the last year with the chart moving from the bottom left of the screen to the top right. There has however been some volatility en route. Most particularly in the last few trading sessions where the
stock gapped down and then kept on selling on heavier than average volume after an earnings update. The question now is whetherthis is the end of the trend or whether this will be a “buy the dip” opportunity. At this stage I would argue that it is probably a bit early
to tell. The stock looks like it will need to take sometime to work this period out. Whereas there could easily be a short term mean reverting bounce at these levels.