[May 21, 2013] After Yesterday's Rally of 2.57% Shares Could Potentially Pullback Tweet May 21, 2013 (SmarTrend(R) News Watch via COMTEX) -- Activision Blizzard (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $15.09 to a high of $15.63. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $15.46 on volume of 9.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. Activision Blizzard share prices have moved between a 52-week high of $15.74 and a 52-week low of $10.45 and are now trading 49% above that low price at $15.57 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant. 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 27.8%. 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 ]