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Long EA into Earnings report!

NASDAQ:EA   ELECTRONIC ARTS INC
EA             will be reporting its Q3-15 Earnings on Thursday 10/29 After the Close. I believe that this stock will beat on EPS             & Revenue and will rally on the report. I am a technicals trader and not much of a fundamental guy, but the fundamentals in this company are strong and continues to grow. Historically, EA             has rallied 9 out of 10 times on earnings beat and has some technicals that are projecting a higher move up. During the August "Flash Correction" we found that it had strong support at the levels where it rallied on its Q1-15 earnings, and from that point it found buyers. Since then it began to form the "W" shape that most call a double bottom, but in this case more of a higher low and beginning of a new trend higher. It also broke out of triangle pattern and now testing its Aug High. The technicals are a screaming buy and new highs to come. Analyst ratings on the stock on avg is a BUY with a price target of about $85/share. If you're an Options Trader like my self, being long a Call Butterfly Spread, IMHO, is the best way to trade the stock on the week of Earnings. One last thing: "EA Sports, it's in the game!" Lol
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