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Bullish Moving Average Cross by Activision Blizzard (ATVI)

By David Diaz

Today, shares of Activision Blizzard (NASDAQ:ATVI) have advanced above their 10-day MA of $44.20 on a volume of 1.1 million 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.

In the past 52 weeks, shares of Activision Blizzard have traded between a low of $22.66 and a high of $45.12 and are now at $44.42, which is 96% above that low price. Over the past week, 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 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 8.7%. 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