• Return to Headlines

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

By Nick Russo

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. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.6%.

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