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Activision Blizzard Crosses Above its 10-day MA (ATVI)

By Nick Russo

Activision Blizzard (NASDAQ:ATVI) shares have crossed bullishly above their 10-day moving average of $43.75 on a volume of 2.5 million shares. Swing traders may find an opportunity 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 $45.12 and a 52-week low of $22.66 and are now trading 97% above that low price at $44.62 per share. 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 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 7.6%. 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