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Watch for Activision Blizzard to Potentially Pullback After Gaining 2.16% Yesterday
[February 05, 2013]

Watch for Activision Blizzard to Potentially Pullback After Gaining 2.16% Yesterday

Feb 05, 2013 (SmarTrend(R) News Watch via COMTEX) -- Activision Blizzard (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $11.45 to a high of $11.90. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $11.69 on volume of 11.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Activision Blizzard has traded in a range of $10.45 to $13.01 and is now at $11.85, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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