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EA Is Getting Hit. Watch This Level

Published 08/23/2018, 03:48 PM
Updated 05/14/2017, 06:45 AM

Video game developer Electronic Arts (NASDAQ:EA) has been under selling pressure since July 13, 2018. At that time, the stock peaked at $151.25 a share. Today, EA is trading at $126.52, which is a decline of more than 16 percent from the high. The stock is now forming a bearish pattern on the daily chart, which suggests lower prices ahead.

Watch This Support

The next key support level for EA stock will be around the $117.00 level. This important support area was defended in April 2018 and will likely serve as a solid trade level when tested.

Electronic Arts

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