Stock to Sell #3 – Electronic Arts (EA)
Gaming company Electronic Arts (NASDAQ:EA) provides its products for platforms like the Sony PS3, Xbox 360 and Nintendo Wii.
The stock is in a sharp decline following a death cross in early December and a reversal from a resistance line (formerly the bullish support line) on Feb.2. Insiders have been heavy sellers for both the three-month and 12-month periods. The rally back to $20 is an opportunity to sell this high-profile company that is in a bear market.
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