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Activision Blizzard Rises 1.53% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Activision Blizzard (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $59.16 to a high of $59.87. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $59.47 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 51.6%. We continue to monitor ATVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Activision Blizzard share prices have been bracketed by a low of $22.66 and a high of $61.10 and are now at $59.71, 164% 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.

Keywords: rebounders Activision Blizzard

Ticker(s): ATVI