Electronic Arts (EA) came under strong selling pressure the last three days with consecutive long black candlesticks. As this chart now stands (11:48 ET), a bearish three black crows pattern is taking shape. The stock is short-term oversold already, but the trend line and support break are medium-term bearish.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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