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Activision Blizz Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Activision Blizz (NASDAQ:ATVI) traded today at a new 52-week high of $66.58. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 5.1 million shares.

Activision Blizzard, Inc. publishes, develops, and distributes interactive entertainment software and peripheral products. The Company's products covers diverse game categories, including action/adventure, action sports, racing, role playing, simulation, first-person action, music-based gaming, and strategy.

In the past 52 weeks, shares of Activision Blizz have traded between a low of $35.12 and a high of $66.58 and are now at $66.17, which is 88% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Activision Blizz (NASDAQ:ATVI) is currently priced 6.9% above its average consensus analyst price target of $61.62. The stock should find initial support at its 50-day moving average (MA) of $33.30 and further support at its 200-day MA of $32.98.

SmarTrend recommended that subscribers consider buying shares of Activision Blizz on January 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.79. Since that recommendation, shares of Activision Blizz have risen 69.3%. We continue to monitor ATVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows activision blizz

Ticker(s): ATVI