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Electronic Arts (EA) Positioned for Value Area Breakout

Electronic Arts (EA) Positioned for Value Area Breakout

by | Apr 25, 2022 | Chart SetUps

Electronic Arts (EA) breaking out last week from a multi-week downtrend and positioned well to break out above monthly value at $128.50. A move higher has room to move back to $136 with a much larger volume node above at $142. Momentum is starting to inflect higher as well with back-to-back closes above the 8-, 21- and 55-EMA and now curling higher.