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Activision Blizzard Shares Down 12.5% Since SmarTrend's Sell Call (ATVI)
Nov 13, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Activision Blizzard (NASDAQ:ATVI) on November 17th, 2011 at $12.22. In approximately 12 months, Activision Blizzard has returned 12.48% as of today's recent price of $10.69.
In the past 52 weeks, shares of Activision Blizzard have traded between the current low of $10.56 and a high of $13.01 and are now at $10.69. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.
Activision Blizzard, Inc. publishes, develops, and distributes interactive entertainment software and peripheral products. The Company's products cover diverse game categories, including action/adventure, action sports, racing, role playing, simulation, first-person action, music-based gaming and strategy.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Activision Blizzard.
Log in and add Activision Blizzard (ATVI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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