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Look for Shares of Activision Blizz to Potentially Pullback after Yesterday's 2.40% Rise

By Amy Schwartz

Activision Blizz (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $67.10 to a high of $68.33. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $67.59 on volume of 2.6 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 $35.12 and a high of $79.63 and are now at $68.01, 94% above that low price. 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%.

SmarTrend recommended that its subscribers protect gains by selling shares of Activision Blizz on March 19th, 2018 by issuing a Downtrend alert when the shares were trading at $70.98. Since that call, shares of Activision Blizz have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders activision blizz

Ticker(s): ATVI