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Game On for Electronic Arts Inc. Stock?


The bearish dark side has been effectively battling the bullish forces of good in Electronic Arts Inc. (NASDAQ: EA ) of late.


The takeaway appears to be an appreciation for another quarter of solid results and a belief that management is sandbagging on guidance.


But much of that had to do with a micropayment feature that would allow players to unlock key items by paying and without progressing through gameplay and much to the chagrin of their gaming peers.


Over the past six months, a healthy second-stage base-on-base pattern broke out only to stall and meander back into the prior trading pattern’s price range.


As much, it would be foolish to totally dismiss the bearish dark side as those traders have managed to combat bulls of late and it could always be the start of something more menacing.




READ MORE (Investorplace.com)


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This post first appeared on The 5th News, please read the originial post: here

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Game On for Electronic Arts Inc. Stock?

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