EAN trade ideas
Is Battlefield disappoint EA?Hi traders, Stock of EA will drop more than 17% on its current price as 3rd quarter earning report results. EA cuts outlook revenue as its iconic "Battlefield" latest sequel failed to perform than expected. EA executives said the "Battlefiled V" had poor sales selling a million fewer units than they have expected. Shares of EA eventually plunged by 18 percent following the news.
Videogame producer Electronic Arts cut its yearly income point of view toward Tuesday after its most up to date "War zone" title sold around a million less units than anticipated, in the midst of rising challenge in an industry being reshaped by upstarts like "Fortnite" and "PUBG."
Offers of EA sank 18 percent in twilight exchanging following the news.
Diversion establishments like "Front line" and "FIFA" are among EA's most notorious, yet the quick ascent of on the web, frequently allowed to-play recreations with drawing in arrangements are testing the predominance of EA, Activision Blizzard and Take-Two Interactive Software Inc.
MA cross I'm going longThe shares of EA fell sharply during the fourth quarter of 2018, taking into account that many problems occurred within and outside the company, after having assimilated all these problems, it is possible that EA has already found a point of change in which the price of a turn, that's why I decided to put myself long in EA, well, that's all I can say thank you very much.
MA cross I'm going longThe shares of EA fell sharply during the fourth quarter of 2018, taking into account that many problems occurred within and outside the company, after having assimilated all these problems, it is possible that EA has already found a point of change in which the price of a turn, that's why I decided to put myself long in EA, well, that's all I can say thank you very much.
ERT: Electronic Arts Inc. - Forecast until 2021ERT: Electronic Arts Inc. - Forecast until 2021
1. Fundamental analysis:
Estimated annual income increase:
Sales: 12,53% (estimated)
EBITDA: 15,81% (estimated)
EBIT: 17,00% (estimated)
Net income: 25,31% (estimated)
2. Trend/Technical Analysis:
Resistance: 104,661
Support: 1. 63,908
2. 53,042
3. 48,050
Now: Bearish
Possible bullish trend will be confirmed by the MACD and Know Sure Thing Indicators moving above zero line.
Also if the RSI is increasing & decreasing around the 50 line -> Bullish
EA | Shows Bullish Divergence in DailyNASDAQ:EA
EAs daily chart shows a bullish divergence today. That indicates that bears are out of steam and the stock could turn around.
Elder Impulse system shows neutral on weekly chart and neutral on Daily. Both after red weeks or days before. Very good indications.
I suggest going short with cash secured PUTs or long directly.