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Activision Blizzard Bullish Moving Average Crossover Alert (ATVI)

By Nick Russo

Activision Blizzard (NASDAQ:ATVI) shares have crossed bullishly above their 10-day moving average of $48.98 on a volume of 744K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Activision Blizzard share prices have moved between a 52-week high of $49.70 and a 52-week low of $22.66 and are now trading 117% above that low price at $49.13 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Activision Blizzard 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 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.

Keywords: moving crosses Activision Blizzard

Ticker(s): ATVI