This means the stock now has fully retraced its impressive breakout from late September.
The 180-degree turn over the past few weeks has made EA net-flat over the past three months.
As is clear on the chart, there has been no indication that EA wants to reverse higher yet.
The silver lining is that the stock now has dropped back down to a confluence of support, which has helped its short-term risk/return ratio.
BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons:
We're, we'd, — Frank Cappelleri
Organizations:
Electronic Arts, EA, CNBC, NBC UNIVERSAL