KAS109

Electronic Arts Short Idea

Short
KAS109 Updated   
NASDAQ:EA   Electronic Arts Inc.
Lackluster sales on Star Wars game. Missed EPS. Recent insider selling. Weak income statement with YOY operating margin increase and net profit margin decrease. Technically EA had a lower closing price and could not penetrate supply area today despite a + news release yesterday. Buyer sentiment is still positive tho. Counting on increasing volatility and weakness in the overall market I would expect a drop. ATR is 3.6.
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Trade closed: target reached
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