Fundamentals - EA dropped more than 13% in two days following the announcement of delays in the release of the new Battlefield game despite EPS and Revenue still really strong. I believe that market overreacted and that buying this dip is a good short-term outlook for a 5-10% gain. In addition, Bloomberg published a review indicating that this small delay is not that bad for 2 reasons:
1 - Historically, the trade-off time/quality is profitable as a good game will sell more and overcompensate for the cost of waiting
2 - Battlefield was to be released between releases of Red Dead Redemption and Black Ops, two VERY popular games. A later release could give this game more exposure.
Technicals - MACD indicates that the stock is oversold. Price is testing a previous resistance at 114.90. On Monday, if price bounces on a shorter time frame (5min), I will be buying and aiming for prices to retest the long-term uptrend.
Announcement - I am working on creating a Weekly Swing website where I would sent out a list of Swing opportunities every weekend for the upcoming week. Every swing idea will be detailed with charts + fundamentals. If you are interested in subscribing, message me!
1 - Historically, the trade-off time/quality is profitable as a good game will sell more and overcompensate for the cost of waiting
2 - Battlefield was to be released between releases of Red Dead Redemption and Black Ops, two VERY popular games. A later release could give this game more exposure.
Technicals - MACD indicates that the stock is oversold. Price is testing a previous resistance at 114.90. On Monday, if price bounces on a shorter time frame (5min), I will be buying and aiming for prices to retest the long-term uptrend.
Announcement - I am working on creating a Weekly Swing website where I would sent out a list of Swing opportunities every weekend for the upcoming week. Every swing idea will be detailed with charts + fundamentals. If you are interested in subscribing, message me!