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After Yesterday's Rally of 2.53% Shares Could Potentially Pullback

By Shiri Gupta

Activision Blizz (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $54.15 to a high of $55.38. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $55.30 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Activision Blizz share prices have been bracketed by a low of $39.85 and a high of $80.25 and are now at $55.05, 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Activision Blizz and will alert subscribers who have ATVI in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders activision blizz

Ticker(s): ATVI