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Rap Sheet

Author:

Jester Debunker

Subject:

Off Topic

Date:

06/02/16 at 9:29 AM CDT

 

 

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Sentiment:

Neutral

EA and ATVI

EA and ATVI are at important points. Both are fairly valued for the upcoming FY imo, both around 22x forward P/E. EA looks like it's trying to break out to new highs above $77. The technicals are positive. It's above the 50ma and the 200ma is turning up. If it fails, $68-$72 looks like big support, but if it succeeds, who knows. With sector and company news flow about to be positive in the next two weeks it may well succeed in breaking out. ATVI on the other hand didn't show such a big push at its high of $40 and has slipped some to low $38's. I think we'll see it back to $40 by E3 especially if EA breaks higher.

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