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Look for Shares of Activision Blizz to Potentially Rebound after Yesterday's 10.93% Sell Off

By Amy Schwartz

Activision Blizz (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $53.50 to a high of $56.00. Yesterday, the shares fell 10.9%, which took the trading range below the 3-day low of $62.35 on volume of 17.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Activision Blizz share prices have moved between a 52-week high of $84.68 and the current low of $53.50 and are currently at $55.10 per share. The 200-day and 50-day moving averages have moved 0.19% lower and 1.07% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Activision Blizz on October 8th, 2018 by issuing a Downtrend alert when the shares were trading at $77.79. Since that call, shares of Activision Blizz have fallen 19.3%. 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