EA Is Getting Hit. Watch This Level
InTheMoneyStocks.com | Aug 23, 2018 03:48PM ET
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.h3 Watch This Support/h3
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.
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