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Electronic Arts Inc.

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EA trade ideas

EA stands at crossroadsWhen EA announced their earnings at the end of January, I expected a jump, but what occurred made me piss my pants. The stock price opened just below a previously speculated trend line. The resistance has held its ground and the gaming stock has retraced back below 125.00 level. So what is in for the future? The fundamental earnings jump has confirmed the existence of a medium scale ascending pattern (purple lines). Taking into account, where are the trend lines of the long term dominant pattern (blue lines), the stock is set for more and more gains. However, that does not necessarily mean that one should just go long on the stock. There is something much more complicated. The jump also confirmed the junior pattern (black lines). Although, after the bounce off from the medium pattern’s resistance, the junior pattern should become obsolete (it will be broken and sent to hell (or Valhalla, as it has served its purpose). Before that occurs the black channel has one last trick up its sleeve. The lower trend line of it has not been passed. Actually, the drop on Friday stopped just before reaching the support line. Due to that reason on Monday one needs to watch, whether it holds the ground or lets the stock fall down. If it lets it pass, then the range down to the support cluster that surrounds the 120 mark will be targeted. On the other hand the support might hold and propel the price into another attempt to break properly above the 130.00 mark. Meanwhile, I have conducted an experiment with the Fibonacci retracement levels. By setting the 100% mark at the low level of the black channel and the 0% at the high achieved after the earnings call, it can be seen that the first notable retracement level at 126.50 provided support to the stock. Coincidentally or not the next one is crossing the support line of the channel. Sooooo.. to be exact the 124.00 level will be on the spotlight on Monday. Yours sincerely, Y
NASDAQ:EALong
by TheYanus
2
EA Weekly Head & ShouldersLooks like EA is forming a weekly H&S with a neckline at roughly $105.50 and with the shoulders and neck at about $116 and $122.75, respectively. A few notes on the formation are listed below: 1 - The beginning of the H&S formation shows strong volume on the way up, as a good H&S pattern should, which subsides as the head is formed 2 - The fall from the neck is on strong volume, with the bounce off the neckline showing lower volume (the creation of the right shoulder). Note the RSI, CSI, and Stoch, all moving lower even though the formation is moving relatively sideways (or up if looking at the left shoulder to head). The black lines at $91.75 and $75 are my target points should EA complete the H&S pattern and break below the strong trend line that begins (on my chart) in July of 2015.
NASDAQ:EAShort
by myfye13
EA - Mar.'18 Exp. Put Vertical Credit SpreadTrade details: 100/90 Put Vertical Credit Spread @ $1.85 Prob. of Max Profit = 68.04% Prob. of Max Loss = 11.34% Break-even @ $98.15 84 D.T.E. Trade plan: Entry by oversold + support/resistance analysis Expecting old gap-up support level at $104.50 to hold after recovering from breakdown test on 12/04/17, until Mar.'18 expiration. RISKS: Break-even within the at-the-money straddle expected move by expiration; bid/ask spreads ~$0.23 on entry; earnings announcement before expiration. Expecting to adjust to minimize loss if price tests break-even level and consolidates. Approaching earnings date will be used as needed to roll spread - to take advantage of swollen IV - unless trade is a quick loser before then. Risky trade requires more days to work and to allow room for adequate adjustment.
NASDAQ:EALong
by AtoHoward
EA - Inverted Fallen angel formation short from $109.87 to 100 EA seems breaking down from an upward channel formation in the weekly frame. It also seems making an inverted fallen angel formation. We think it has huge downside potential if it breaks its channel. To trade this we would consider January $100 Puts are, trading for $1.70 * Trade Criteria * Date First Found- October 23, 2017 Pattern/Why- Inverted Fallen angel, Upward channel breakdown short Entry Target Criteria- Break of $109.87 Exit Target Criteria- 1st Target $100.37, 2nd Target $78.33 Stop Loss Criteria- $115.87 Special Note- Would consider January $100 Puts, which are $1.70 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:EAShort
by AcornWealthCorp
#EADigital Growth Fuels Electronic Arts Inc. Earnings The game titan delivered strong sales and profit growth in the first quarter. Joe Tenebruso (TMFGuardian) Jul 29, 2017 at 9:00PM Electronic Arts (NASDAQ:EA) reported fiscal 2018 first-quarter financial results on July 27. The video-game publisher is enjoying broad-based growth across its console, PC, and mobile product lines. Electronic Arts results: The raw numbers Metric Q1 2018 Q1 2017 Year-Over-Year Change Revenue $1.449 billion $1.271 billion 14% Gross profit $1.295 million $1.092 million 19% Operating income $743 million $560 million 33% DATA SOURCE: ELECTRONIC ARTS Q1 2018 EARNINGS RELEASE. What happened with Electronic Arts this quarter? Total net revenue rose 14% year over year to $1.4 billion, fueled by a 28% jump in digital revenue. Notably, live services net sales leapt 22% to $420 million, driven by the strong performance of FIFA Ultimate Team, Battlefield 1, and The Sims 4. Mobile net sales rose 6% to $150 million, primarily because of the growth of FIFA Mobile, Star Wars: Galaxy of Heroes, and NBA Mobile. And full-game PC and console downloads generated net sales of $111 million -- a 32% increase -- mainly because of robust sales of Mass Effect: Andromeda. Mass Effect: Andromeda game art MASS EFFECT: ANDROMEDA GAME ART. IMAGE SOURCE: ELECTRONIC ARTS. This robust digital sales growth furthered Electronic Arts' shift toward digital distribution, as 61% of its first-quarter total net revenue came from digital game sales, compared with 54% in Q1 2017. That helped gross margin improve to 89.4% from 85.9% in the year-ago period. In turn, gross profit increased 19% to $1.3 billion. And with operating expenses increasing only 4%, operating income surged 33% to $743 million. All told, net income soared 46% year over year to $644 million, or $2.06 per share. Moreover, Electronic Arts' heightened profitability helped bolster its cash production, with Q1 operating cash flow rising to a record $176 million. "Our operating cash flow was the highest ever for a first quarter and underlines how live services have fundamentally transformed our business model," CFO Blake Jorgensen said in a press release. "Driven by innovation and live services, we expect to continue to grow our profitability and cash generation." Looking forward For the second quarter, Electronic Arts anticipates net revenue of approximately $955 million. The company also expects to generate a net loss of $57 million, or $0.18 per share. EA also reiterated its guidance for fiscal 2018, including: Net revenue of approximately $5.075 billion. Net income of $1.125 billion, or $3.57 per share. Operating cash flow of $1.575 billion. "Q1 was an outstanding quarter, with thriving player communities in our top franchises like Battlefield, our EA Sports portfolio, Star Wars, and The Sims continuing to grow our network and drive our digital business," added CEO Andrew Wilson. "We have built strong momentum, and now we are accelerating into a year of tremendous innovation, where extraordinary new games, content-rich live services, and expanding global competitions will deliver more fun for our players and fuel growth for Electronic Arts."
NASDAQ:EALong
by DGtrader