Wall Street Fundamentals Releases New In-Depth Stock Reports on ATVI, EA, GME and TTWO

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Videogame sales in the U.S. have fallen year-over-year every month since January 2012. Most recently data from the NPD Group showed sales of videogame hardware, software and accessories declined 19 percent to $443.0 million in July, while sales of videogame titles dropped 20.0 percent to $222.3 million. But publishers have been optimistic as the new Xbox One and PlayStation 4. "The recent industry sales figures are more a reflection of typical late console cycle dynamics than the momentum of this medium," said Activision Blizzard's publishing chief executive Eric Hirshberg. PricewaterhouseCoopers (PwC) has predicted worldwide console games sales to increase 4.2 percent to $25.98 billion this year, and an additional 6.4 percent in 2014.

Activision Blizzard, Inc. (NASDAQ:ATVI - News) shares traded in the range of $16.64 to $16.93 Thursday before settling to close at $16.80, an increase of 1.33 percent. The stock appears to be facing some resistance at the $16.95 and $18.27 levels with some support at $16.41. Shares of Activision Blizzard have gained approximately 58.0 percent in 2013.

More information on Activision Blizzard and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ATVI

Electronic Arts Inc. (NASDAQ:EA - News) shares traded in the range of $26.95 to $27.94 Thursday before settling to close at $27.78, an increase of 4.20 percent. The stock appears to have some support at the $26.76, $24.84 and $24.24 levels. Shares of Electronic Arts have gained approximately 90.0 percent in 2013.

More information on Electronic Arts and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EA

GameStop Corp. (NYSE:GME - News) shares traded in the range of $51.57 to $56.08 Thursday before settling to close at $51.91, an increase of 9.01 percent. The stock appears to have some support at the $52.08, $50.39 and $48.86. Shares of GameStop have gained approximately 105.0 percent in 2013.

More information on GameStop and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GME

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - News) shares traded in the range of $172.52 to $181.50 Thursday before settling to close at $178.39, an increase of 2.98 percent. The stock appears to be facing some resistance at $19.86 with some support at the $18.66 and $18.26 levels. Shares of Take-Two Interactive have gained approximately 72.0 percent in 2013.

More information on Take-Two Interactive and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TTWO

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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