BUY! ELECTRONIC ARTS INC (ERTS) Nasdaq

  Report No. 1409    Analysis by: Harry Aloof     NOVEMBER 30, 2001

ELECTRONIC ARTS INC (ERTS-Nasdaq): Technical Viewpoint: From a low of $41.20 on Oct 2, 2001 prices rallied, reaching a high of $57.75 on Oct 25, 2001. A decline saw prices pull back, reaching a low of $49.78 on Nov 11, 2001. Another rally saw prices penetrate resistance, closing 11/29/01 at $58.01. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Oct 15, 2001 when the Histogram crossed the "0" line to the upside. Support: Remains at $53.00. Resistance: Is at $60.40. Point & Figure: Reversed to the upside on Nov 29, 2001. A P&F upside reversal takes place at $55.00. Summary: Technical indicators have turned bullish. BUY! ELECTRONIC ARTS INC (ERTS-Nasdaq) @ $58.25 Stop: Use a protective stop of $55.50. ELECTRONIC ARTS INC is currently trading @ $58.01 plus $4.40 on Nov 29, 2001. Price Objective: $69.50. Risk/Reward: $2.75 VS. $11.25. Today's Risk Reward Ratio: 4:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$69.50 Risk/Reward:
$2.75 VS. $11.25 Risk/Reward Ratio:
4:1
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