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Activision Blizzard: 52-Week High Recently Eclipsed (ATVI)

By David Diaz

Shares of Activision Blizzard (NASDAQ:ATVI) traded today at $43.54, breaking its 52-week high. This new high was reached on below average trading volume as 3.2 million shares traded hands, while the average 30-day volume is approximately 5.1 million shares.

Activision Blizzard share prices have moved between a 52-week high of $43.54 and a 52-week low of $22.66 and are now trading 89% above that low price at $42.89 per share. The 200-day and 50-day moving averages have moved 0.52% higher and 0.83% higher over the past week, respectively.

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

Activision Blizzard (NASDAQ:ATVI) is currently priced 2.8% above its average consensus analyst price target of $41.68. 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 Blizzard on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.46. Since that recommendation, shares of Activision Blizzard have risen 5.8%. 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 Blizzard

Ticker(s): ATVI