Validating yesterday's Cowen downgrade, game developer THQ (THQI -11%) warns it expects its FQ3 revenue to be roughly 25% below prior guidance of $510M-$550M, on account of weaker-than-expected sales of its uDraw graphics tablet for the Xbox 360 and PlayStation 3. Today's major decline in THQ shares suggests some knew about the news in advance.
Technical side stock has some resistance area is $1.70 and support level is $1.
Technical side stock has some resistance area is $1.70 and support level is $1.
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