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Activision Blizzard Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Activision Blizzard (NASDAQ:ATVI) traded at a new 52-week high today of $44.89. Approximately 906,000 shares have changed hands today, as compared to an average 30-day volume of 5.1 million shares.

Based on a current price of $44.36, Activision Blizzard is currently 6.0% above its average consensus analyst price target of $41.68. The stock should discover initial support at its 50-day moving average (MA) of $33.30 and subsequent support at its 200-day MA of $32.98.

In the past 52 weeks, shares of Activision Blizzard have traded between a low of $22.66 and a high of $44.89 and are now at $44.36, which is 96% 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.

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.

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 9.1%. 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