Electronic Arts’ stock price (EA) skidded in the intraday levels amid the dominance of the downward correctional wave in the short term, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels.

Therefore we expect more losses for the stock, targeting the support of 130.00, provided the resistance of 138.00 holds on.

Trend forecast: Likely Bearish