Electronic Arts (ERTS) NewsBite - ERTS Hits 52-Week Low

Posted: Tuesday, September 23, 2008 3:36 PM EDT

Electronic Arts (NasdaqNM: ERTS) hit a new 52-Week low of $39.32 so far today. Currently the stock is down $0.65 (-1.59%) to $40.15 on 3,995,070 shares traded. Today's low is down $21.47 from a 52-Week high of $61.62. Electronic Arts stock has been showing support around $38.73 and resistance in the $44.81 range. Technical indicators for the stock are neutral and S&P gives ERTS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ERTS the stock seems like it could be a candidate for a November out-of-the-money bear-call credit spread above the 50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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