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Bearish Moving Average Cross by Activision Blizz (ATVI)

By James Quinn

Activision Blizz (NASDAQ:ATVI) crossed under its 10-day moving average of $55.23 on a volume of 935K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Activision Blizz have traded between a low of $39.85 and a high of $84.68 and are now at $54.75, which is 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Activision Blizz on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.13. Since that recommendation, shares of Activision Blizz have risen 12.7%. We continue to monitor ATVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses activision blizz

Ticker(s): ATVI