• Return to Headlines

Shares of Activision Blizzard Rise to a New 52-Week High

By Nick Russo

Shares of Activision Blizzard (NASDAQ:ATVI) traded today at $60.13, breaking its 52-week high. This new high was reached on below average trading volume as 3 million shares traded hands, while the average 30-day volume is approximately 5.1 million shares.

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.

Activision Blizzard share prices have moved between a 52-week high of $60.13 and a 52-week low of $22.66 and are now trading 156% above that low price at $58.10 per share. 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%.

Activision Blizzard (NASDAQ:ATVI) is currently priced 12.7% above its average consensus analyst price target of $50.75. Activision Blizzard shares have support at the 50-day moving average (MA) of $33.30 and additional support at the 200-day MA of $32.98.

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 47.3%. 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