|
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.
|
|