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Bullish Moving Average Cross by Activision Blizzard (ATVI)

By James Quinn

Today, shares of Activision Blizzard (NASDAQ:ATVI) have advanced above their 10-day MA of $38.27 on a volume of 1.8 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.

Over the past year, Activision Blizzard has traded in a range of $22.66 to $39.99 and is now at $38.68, 71% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Activision Blizzard on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.18. Since that recommendation, shares of Activision Blizzard have risen 18.3%. 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