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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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