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After Yesterday's Decline of 3.09%, Activision Blizzard Offers Investors Better ValueNov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Activision Blizzard (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $10.66 to a high of $11.11. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $10.89 on volume of 13.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision. In the past 52 weeks, Activision Blizzard share prices have been bracketed by a current low of $10.66 and a high of $14.40 and are now at $10.66. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%. SmarTrend recommended that its subscribers protect gains by selling shares of Activision Blizzard on November 17th, 2011 by issuing a Downtrend alert when the shares were trading at $12.22. Since that call, shares of Activision Blizzard have fallen 9.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |