Electronic Arts (EA) – DailyPlay for Tuesday June 5th, 2018
The bullish DailyPlay we chose for Tuesdays, June 5th is Electronic Arts (EA). EA is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 7.99% move higher and its 1m/6m trend has turned bullish on 5/4 and recently broke above its $69 resistance level which now becomes support.
Electronic Art’s 1m and 6m trends turned bullish on 5/4 and recently broke above its $134 resistance level which becomes support. With a technical score of 8 (out of 10), EA is a bullish stock that will likely continue higher.
As a stop loss, if EA was to trade below $134 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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