EA Double Top or Pullback
Updated
I have never been into video games, but recently I bought a gaming computer and new monitor. As we know gaming stocks have been hot because of the lock down stay at home trade. Just as people became more accustomed to buying online, I think the stay home trade has given birth to a new group of gamers that aren't going to to go away after everyone goes back to work.
EA has earnings in a few days and recently Wells Fargo increased price target to $150 from $120 (but keeps a Equal Weight). I believe more analyst will be forced to raise their price targets soon. Either way EA holding the $135 and 20ma level nicely.
long 135
stop 127
price target 148
EA has earnings in a few days and recently Wells Fargo increased price target to $150 from $120 (but keeps a Equal Weight). I believe more analyst will be forced to raise their price targets soon. Either way EA holding the $135 and 20ma level nicely.
long 135
stop 127
price target 148
Note
small winner
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.