Overbought Readings Warn of EA Pullback at $204.79

Electronic Arts Inc (EA) traded flat at $204.79 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($204.19) with a bullish stack. The 21-day EMA at $203.54 provides support.
• Momentum: RSI at 73.0 is in overbought territory, suggesting potential near-term exhaustion. MACD is bullish (0.71 vs signal 0.69).
• Volatility: Bollinger Band width at 1.2% indicates low volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $202.45, Resistance at $204.97.