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SmarTrend Watching for Potential Pullback in Shares of Activision Blizz After 2.79% Gain

By David Diaz

Activision Blizz (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $43.90 to a high of $44.75. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $43.95 on volume of 6.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Activision Blizz has traded in a range of $39.85 to $84.68 and is now at $44.53, 12% above that low. The 200-day and 50-day moving averages have moved 0.89% lower and 0.63% lower over the past week, respectively.

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