Electronic Arts Corp. (ERTS) May Test Support Level At 52 Week Low of $14.75

Electronic Arts Corp. (NASDAQ: ERTS), one of the leading seller of disc based video games, has plunged 9.8% by early afternoon trading on Tuesday, in anticipation of quarterly earnings which may miss the analysts’ expectations.

Electronic Arts Corp. (ERTS) has taken a dive below its 20 day and 50 day MA in the same session following strong losses after a gap-down opening. The high volumes in the session till early afternoon indicate towards the possibilities that Electronic Arts Corp. (ERTS) may now get a support at a lower level of $15.70, below which, it has a support level at the trailing 52 week low of $14.75.