[May 20, 2013] Activision Blizzard Earnings Review: 12 Days after Announcement Shares Down 2.1% (ATVI) Tweet May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- 12 days ago, on May 8th, 2013, Activision Blizzard (NASDAQ:ATVI) reported its earnings. Analysts, on average, expected earnings of $0.11 per share on sales of $705.1 million. The company actually reported EPS of $0.17 on sales of $1.3 billion, beating EPS estimates by $0.06 and beating revenue estimates by $618.9 million. Since the company's report, shares of Activision Blizzard have fallen from $15.26 to $14.94, representing a loss of 2.1% in the past 12 days. In the past 52 weeks, shares of Activision Blizzard have traded between a low of $10.45 and a high of $15.74 and are now at $14.94, which is 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%. SmarTrend recommended that subscribers consider buying shares of Activision Blizzard on February 6th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.88. Since that recommendation, shares of Activision Blizzard have risen 25.8%. We continue to monitor ATVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. 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 [ Back To TMCnet.com's Homepage ]