What's Next for EA Stock After Thursday's 17% Plunge?

Core Insights - Electronic Arts (EA) shares fell sharply after the company reduced its full-year bookings outlook due to declining demand for its sports games, particularly its soccer franchise [2][4] - EA revised its net bookings guidance for fiscal 2025 to a range of $7 billion to $7.15 billion, down from the previous forecast of $7.5 billion to $7.8 billion, citing a slowdown in growth for its Global Football business [3][9] - The decline in EA's stock price was significant, with a 17% drop to $118.58, marking its lowest closing level since September 2023, and a 15% decrease over the past year [4][9] Stock Performance Analysis - EA shares broke below a multi-year uptrend line during the recent drop, occurring on the highest weekly trading volume since January 2023, indicating strong selling pressure [5][9] - Key support levels to monitor include approximately $110, $100, and $87, where investors may look for buying opportunities [6][7][9] - The overhead resistance level to watch during potential recoveries is around $144, which corresponds with previous peaks on the chart [8][9]