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[Costa]

King Digital Entertainment PLC (NYSE:KING) is one of my favorite stocks in the gaming sector. In a research note published in the mid of this month, JPMorgan reiterated an overweight rating and set a $20 price target on shares, citing that the company will experience a significant growth this year with a strong outlook on the Candy franchise and potential game launches. Additionally, the analyst Doug Anmuth raised the 2015 EPS estimate from $1.99 to $2.03. From a technical standpoint, I continue to see a potential Inverted Head and Shoulders pattern on daily. The stock closed above the $16 level today on high volume and is registering a strong Bullish signal on MACD. Let’s see whether the price can gather enough momentum to break through the neckline at $16.52. If the Bulls are able to push through this level, there will be another rally towards $17. The target of this possible inverted head and shoulder pattern is around $21.

Full article: Stocks to keep an eye on April 01