NEW YORK, NY / ACCESSWIRE / April 4, 2018 / U.S. markets rallied Tuesday as technology sector regained some ground after experiencing a sharp sell off to start the week. On Monday, the S&P 500 closed below its 200-day moving average, the first time since the Brexit vote in June 2016. The Dow Jones Industrial Average gained 1.65 percent to close at 24,033.36, while the S&P 500 Index jumped 1.26 percent to close at 2,614.45. The tech-heavy Nasdaq Composite Index rebounded 1.04 percent to close at 6,941.28.
"This is still a market trading on fear instead of fundamentals and on tweets instead of technicals, which has made it frustratingly difficult to figure out where we're headed in the near term," said Andrew Adams, an investment strategist at Raymond James, according to MarketWatch. "There's just not much positive news to help balance out the daily onslaught of fear-producing headlines about trade wars and tech crises, especially since we are currently in between earnings seasons."
RDI Initiates Coverage on:
Electronic Arts Inc.
Electronic Arts' stock edged 0.67% higher Tuesday, to close the day at $119.51. The stock recorded a trading volume of 2,378,086 shares, which was below its three months average volume of 3,801,885 shares. In the last year, Electronic Arts' shares have traded in a range of 87.94 - 131.13. The share price has gained 35.90% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $125.09 is greater than its 200-day moving average of $116.25. Shares of Electronic Arts are trading at a Price to Earnings ratio of 37.28. Shares of Electronic Arts have fallen roughly 4.46 percent in the past month and are up 13.75 percent year-to-date.
Access RDI's Electronic Arts Inc. Research Report at:
On Tuesday, shares of Zynga recorded a trading volume of 15,237,089 shares, which was above the three months average volume of 13,185,927 shares. The stock ended the day 2.82% lower at 3.45. The share price has gained 26.37% from its 52-week low with a 52-week trading range of 2.73 - 4.34. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.65 is below its 200-day moving average of $3.80. Shares of the company are trading at a Price to Earnings ratio of 115.00. Shares of Zynga have fallen roughly 2.27 percent in the past month and are down 13.75 percent year-to-date.
Access RDI's Zynga Inc. Research Report at:
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