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

By David Diaz

Today, shares of Activision Blizzard (NASDAQ:ATVI) have advanced above their 10-day MA of $58.94 on a volume of 835K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $61.10 and are now at $59.62, 163% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

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 51.6%. 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