EA pushes through 20-day moving average
Electronic Arts Inc. (EA) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team
EA finished Monday at 122.19 gaining $1.66 (1.38%) on low volume. Today's closing price of 122.19 marks the highest close since March 26th. Closing above Friday's high at 122.01, the stock confirms its breakout through the prior session's high having traded $0.78 above it intraday.
Daily Candlestick Chart (EA as at Apr 16, 2018):
Monday's trading range was $1.51 (1.24%), that's far below last trading month's daily average range of $3.36. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
Prices are trading close to a key support level at 121.25. Prices are trading close to the key resistance level at 123.74.
The market shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The share managed to break above the 20-day moving average at 121.49 today for the first time since March 26th.