In Monday evening’s Forecast Report, volatile Electronic Arts (ERTS) offered up a long buy signal near 18.97 to 19.12 for a possible quick upside to the lower- to mid-19s. The stock hit our target but not until later in the pre-market session and didn’t crack back into the 19s.
On the short side, the 20 to 19.80 area held as a strong ceiling in extended-hours trading. A secondary short target at 19.65 to 19.50 also emerged. The stock pulled up short of that target, topping out at a 19.13 pre-market high. A sell from that mark, as measured to the 17.77 day low, is 7.6% in the black.
