Electronics Arts stock price (EA) rose in the intraday levels, while trading alongside the downward correctional trend line in the short term, with negative pressure from the 50-day SMA, as the stock gathers positive momentum to rise anew, as it also vented off oversold saturation in the RSI with positive signals coming out of them.

We expect the stock to return lower and target the first support at $123.60, provided the resistance of $130.40 holds on.

Forecast today: Likely Bearish