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Electronic Arts Inc. (ERTS) Message Board

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  • lbeaversdorf lbeaversdorf May 6, 2002 2:18 PM Flag

    How in the hell?

    The near term chart for ERTS is neutral. I've been derivative long the stock via naked May 55 puts since 4/26. It held above the mid-term support around $56 again but there is now some developing overhead resistance in the $60 range.

    If it breaks below $56 then there is a real chance it will fall to the next support level around $50. Even if it gets through the resistance around $60, it has additional resistance at every dollar mark until it can finally get through that stubborn resistance in the $64 area.

    All just my own opinion, of course.

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