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The actions of the video game maker have been extremely volatile Electronic Arts Inc. (NASDAQ: EA), as they made a brutal rebound from their low after the gains almost $ 80 earlier this month thanks to exceptional welcome around his game "Apex Legends". According to the figures, the 30-day historical volatility of stocks has reached 88.4%, making it an annual high.
Those looking to speculate on EA – perhaps expecting a similar reaction tomorrow for its new game "Anthem" – should be cautious, since its implied volatility in the 30-day market is now 44.2%, and is in the 90th annual percentile, showing high volatility expectations at the moment. Still, Piper Jaffray sees a lot of potential for the title.
Specifically, the brokerage firm this morning revised its price target up from $ 99 to $ 111, and maintained its "overweight" designation, most often citing positive comments around movie trailers. "Anthem". Interestingly, this comes up against the negative reviews of the motherboard, which called the game a "a real mess, "and Ars Technica used similar language, saying that the title is a" stuttering, confusing, ripping mess of an action game. "
Going back to the charts, technical traders may notice how the 160 – day moving average has blocked the recent Electronic Arts escape attempt. This trend line served as a backing for much of 2018, suggesting that she could have changed her role to act as a resistance. EA's shares stabilized at $ 98.63 on Wednesday, down nearly 35% from a record high of $ 151.26 in July. Most Wall Street analysts, however, remained optimistic, giving 17 "buy" or "buy hard" ratings, compared with 8 "pronouncements" and zero "sales".
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