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Look for Shares of Activision Blizz to Potentially Pullback after Yesterday's 1.37% Rise

By James Quinn

Activision Blizz (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $54.37 to a high of $57.01. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $56.38 on volume of 6.2 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, shares of Activision Blizz have traded between a low of $39.85 and a high of $84.68 and are now at $55.72, which is 40% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 1.16% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Activision Blizz on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.13. Since that recommendation, shares of Activision Blizz have risen 11.8%. We continue to monitor ATVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders activision blizz

Ticker(s): ATVI