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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 $40.71. This new high was reached on below average trading volume as 2.4 million shares traded hands, while the average 30-day volume is approximately 5.1 million shares.

Activision Blizzard share prices have moved between a 52-week high of $40.71 and a 52-week low of $22.66 and are now trading 79% above that low price at $40.65 per share. The 200-day and 50-day moving averages have moved 0.52% higher and 0.83% higher over the past week, respectively.

There is potential upside of 2.5% for shares of Activision Blizzard based on a current price of $40.65 and an average consensus analyst price target of $41.68. The stock should find initial support at its 50-day moving average (MA) of $33.30 and further support at its 200-day MA of $32.98.

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 is monitoring the recent change of momentum in Activision Blizzard. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Activision Blizzard in search of a potential trend change.

Keywords: 52 week high/lows Activision Blizzard

Ticker(s): ATVI