EA trade ideas
Long Electronic Arts after amazing earnings and future
First of all I am so happy Electronic Arts is down Premarket.
I have several reason to be excited. Lets first look at the earnings :
First lets look at the numbers :
EA reported adjusted earnings per share of 97 cents on revenue of $1.277 million. That compares to analyst expectations of adjust EPS of 80 cents on revenue of $1.23 billion.
But this isnt even the exciting part at all. believe me. The exciting part is what they provide and where it is heading.
I read the transcript of their earnings and this is the highlight :
Madden NFL 20 is their game which growing year over year constantly and thus will bring constant revenue. Unique players were up 12% year-over-year in Q2, games played in franchise mode more than doubled to over $100 million in the same period, and Madden Ultimate Team players are up nearly 20% year-over-year.
FIFA 20 which was launched recently is also deeply engaging fans and bringing new players into the franchise. Total players in FIFA were up nearly 15% year-over-year in Q2 and with the addition of Volta Football street-soccer experience, new to franchise players have grown 7% year-over-year.
i dont need anyone to tell me how popular this game is both on consoles, Pc and mobile. Everywhere i see this game being played both in office and at home! There is lot more detail here about the growing numbers and you can read it here : www.fool.com . Specially about FIFA online and how popular it is.
Apex legends This is one of my favourite and even though I play games not so often, this one is quite engaging and is quite famous as a battle royal (still PUBG leads here though). The season 3 in apex legend saw a bigger peak and more players engaging and its a sign that this game will only continue to grow with time. reached 70 million users for third quarter.
Sims 4 Monthly average players were up more than 40% year-over-year in The Sims 4, an engagement across the franchise has led The Sims to surpass $5 billion in lifetime sales. The Sims continues to be one of the great franchises in gaming and we have plans to bring new experiences to its amazing plays for a long time to come.
launch of EA Access on PlayStation 4
new Plants versus Zombies: Battle for Neighborville
Star Wars Jedi: Fallen Order arrives worldwide on november 15
Battlefield V players
Besides earnings. it is one of the leading game providers and gaming industry is only going to get bigger and bigger and more popular with esports getting recognition.
Their recent collaboration with valve
Overall, its a huge buy for me after this drop. Oh, by the way, the reason for this drop is that EA cancelled the NBA game but quite sure this is not a big enough news to make a drastic drop and thus i expect it to go positive today or even the next few days. one of the best companies to buy and hold for short/long term.
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Buy EA Open after market open today 30.10.2019 Around 93/94
TP1 100
Tp2 102
Tp3 105
I believe in compounding and always reinvest and thus i dont hold for long term but you can hold this for long term as well!
$EA - Shorting Time!On a daily chart!
This is my first-time analyzing Stocks.
I chose $EA cause I Really like this company from a young age! (Games and etc.)
As you can see, the price has tested the previous resistant level and now is heading to a lower support line. (Good opportunity for Swing traders, I'm not a swing trader myself!)
The past trendline was broken, the MACD volume is weak for buyers and is going towards sellers volume! Also, watch how the MAs are meeting up to get ready for a downtrend.
If you want to be more cautious, wait for the MA's to cross and then entre the market! (Just to be on the safe side!)
As always, be careful with your risk management, I never risk more than 3% per trade and most importantly BE PATIENT!
Love,
@TheMrGrateful :)
$EA Possible breakout in Electronic Arts Alert set for break above $109 with a nice trade opportunity for a possible 10% gain before hitting serious Resistance
EA - Breaking out with ATVIThis one looks like it's primed for a breakout, given the recent ATVI breakout and the recent clearance of the 105 level. If we see it close above 105, I'll buy some calls and double down above the 109 spot.
$EA Electronic Arts Bullish pre Christmas Entry level above daily resistance $103.81.
Target price $106.41- $113.30
11.24 P/E ratio
Company profile
Electronic Arts, Inc. engages in the provision of digital interactive entertainment. It develops and delivers games, content, and online services for Internet-connected consoles, mobile devices, and personal computers. It operates through the North America and International geographical segments. The company was founded by William M. Hawkins III and William Gordon in 1982 and is headquartered in Redwood City, CA.
EA resistance and HS BreakoutEA Has confirmed breakout from the trendline that acted as resistance since the beginning of 2019. Initial target 115, secondary target 120.
Update from last weekThis looks great on weekly, prefect backtest of breakout and closed over last week's high.
EA rising wedge breakout, attacking resistanceinsiders sold some stock, but stock is not falling, but rather attacking resistance
ADX confirms direction
ATR% (low volatility) - expect large move
moving averages very tight
Trying to breakout$EA looks like its trying to breakout, been tricky lately but watch for 102. break or retest of breakout
Electronic Arts testing trend line and $100Being stuck in this falling range for a while, EA is testing top of the range again, a break of line and $100 is a good buy signal. Recent swings give a good stop level and risk-reward.
As part of S&P500, this gaming giant has a $28.48B market cap. Price target of most banks and investment funds in this stock is around $120 and higher.
Alternatively if we see a rejection from the trend line, short is possible with a stop above $100 with a buffer.
Good Luck!
EA Looks Poised to Break OutNASDAQ:EA - After a surge from late December to mid February, the stock embarked on a long correction as it retraced around 61.8% of this advance with a falling channel. EA established support in the 88-90 area in July-August and held above this support zone during September-October pullback. Thus, a higher low is taking shape and this could be the start of another leg higher. The stock broke above the red resistance zone this week and I expect a break out of the big falling channel.
Possible Test of top channel coming.Test of top channel.
Looking for a break of Resistance at 105
Rising RSI
Three Percent Trade Idea: Go long EAHere is a great opportunity to go long on EA.
At Three Percent Trades we have a price target of $130.00 / share, which is a potential upside of 32.4% from the current level.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
SAR INDICATORWe can observe sar, a trend indicator. when sar is above prices it indicates a downward trend, while if it is below prices it indicates an upward trend
Inv Head and shoulders on EAstill can hit $90 and be valid unlikely at this point. wouldnt recommend a position but I will be watching for a breakout
