Electronic Arts may rise to 146.40 - 149.60

Our pivot point stands at 131.2.

Our preference

The upside prevails as long as 131.2 is support.

Alternative scenario

The downside breakout of 131.2 would call for 126.1 and 122.9.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 132.274 and 130.0416).

Supports and resistances

152.7 **

149.6 *

146.4 **

143.4

136.23 (USD-last)

133.2

131.2 **

126.1 *

122.9 **

Number of asterisks represents the strength of support and resistance levels.