TMCnet News
Downgrade Alert for Electronic Arts (EA)Jan 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Electronic Arts (NASDAQ:EA) was downgraded from Overweight to Neutral at Piper Jaffray today. The stock closed yesterday at $14.00 on volume of 3.2 million shares, below average daily volume of 5.5 million. Potential upside of 13.6% exists for Electronic Arts, based on a current level of $14.00 and analysts' average consensus price target of $15.91. Electronic Arts shares should encounter resistance at the 50-day moving average (MA) of $14.08 and support at its 200-day MA of $13.67. Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services. In the past 52 weeks, shares of Electronic Arts have traded between a low of $10.77 and a high of $26.13 and closed yesterday at $14.00, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.8%. SmarTrend is tracking the current trend status for Electronic Arts and will alert subscribers who have EA in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |