Activision Blizzard Bearish Moving Average Crossover Alert (ATVI)
Activision Blizzard (NASDAQ:ATVI) shares have crossed bearishly below their 10-day moving average of $38.43 on a volume of 2.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Activision Blizzard share prices have been bracketed by a low of $22.66 and a high of $39.99 and are now at $38.04, 68% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 0.83% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Activision Blizzard on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.18. Since that recommendation, shares of Activision Blizzard have risen 19.7%. We continue to monitor ATVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Activision Blizzard