FinancialContent is the trusted provider of stock market information to the media industry
Electronic Arts Inc. (NASDAQ:ERTS)
Posted on September 24, 2011 at 13:57 PM EDT
B: Long-term resistance at $40.
C: Resistance at $25.
D: Support at $15.
Though not a positive chart, there are several sound developments that bode well for the future. Unlike so many other charts, ERTS did not bounce up to ridiculous levels after the 2008 bear market. Instead ERTS tested and retested support (D) at $15. Also, the prolonged sideways movement between support (D) and resistance (C) at $25, eventually broke the downtrend (A). Expect, ERTS to hold up reasonably well in the face of future bear markets. As long as it stays between support (D) and resistance (C) it is a hold. When ERTS breaks resistance (C), buy with an expectation of a move to resistance (B) at $40. If ERTS breaks support (D), sell with an expectation of a move to $5.00.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here