

Technical Summary: We have spoken before about the impressive long term chart for EA. This is only a small part of the story. More recently the stock has nearly halved from almost $150 per share to a low of $75. It appears at these levels that the stock has found support and finally started consolidating above its 50 day moving average. And this is where things started getting interesting. After a quarterly update the stock gapped down 17%. In the following trading session the stock was up around 5% and then the very next day it was up 16% – to a higher level than before the quarterly update. This is a very positive movement and suggests that there is significant buying support. The stock will need to consolidate after a 16% day but strength appears to be coming back to EA.