Electronic Arts Inc (EA.NASDAQ)

13 December 2018


Technical Summary: If you are a long term holder of EA the five year chart probably puts the last 6 months in perspective. However if you have held for one year or less the sell off in the stock since July has been particularly brutal. Whichever way it is cut now the stock is in a confirmed downtrend. The question remains how long will it remain in this state before things trade? The sell off began at the
end of the July with a nasty break below the 50 day moving average. A quick consolidation ended with another gap to the downside. Since that time the elevator has only gone in one direction, and that is down. The question is how many more stops it will be before the basement.

Have we reached the basement or are there more floors to go?

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