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Look for Shares of Activision Blizz to Potentially Rebound after Yesterday's 2.30% Sell Off

By Amy Schwartz

Activision Blizz (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $73.93 to a high of $76.46. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $75.81 on volume of 5.3 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 $79.63 and a 52-week low of $35.12 and are now trading 111% above that low price at $73.99 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Activision Blizz on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $70.56. Since that recommendation, shares of Activision Blizz have risen 7.6%. 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