Electronic Arts (NASDAQ:EA) has been under selling pressure since August 31, 2017. Back then, the stock traded as high $122.79 a share. At one point on Monday, it was lower by $4.25 at $101.78 and is now trading below its important 200-day moving average. This tells us that the stock is weak and should trade lower before finding institutional sponsorship.
Support To Watch
Traders and investors should now look for major chart support around $96.50, which is where the stock broke out in May 2017. Very often, past breakout areas are defended when retested.
Keep that support level on your radar.