ELECTRONIC ARTS
(ERTS-Nasdaq):
Technical Viewpoint: From a low
of $53.49 on May 7, 2002 prices
rallied, reaching a
high of $64.99
on May 23, 2002. A
decline saw prices pull back, reaching a
low of
$59.17 on Jun 14, 2002.
Another rally saw prices penetrate
resistance, closing 6/27/02
at $66.88. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 14, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $61.00. Resistance: Is at $66.92.
Point & Figure: Reversed to the upside on Jun 27, 2002. A P&F upside
reversal takes place at $63.00. Summary: Technical indicators have turned bullish. BUY! ELECTRONIC ARTS
(ERTS-Nasdaq) @ $67.13 Stop: Use a protective stop of $64.63.
ELECTRONIC ARTS is currently trading @ $66.88 plus $3.13 on Jun 27, 2002. Price Objective:
$78.00. Risk/Reward: $2.50 VS. $10.88. Today's Risk Reward Ratio: 4:1
|
Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$78.00
Risk/Reward:
$2.50 VS. $10.88
Risk/Reward Ratio:
4:1
|