Transforming Network Infrastructure Industry News

TMCNet:  Activision Blizzard Rises 2.16% on Heavy Volume: Watch For Potential Pullback

[February 05, 2013]

Activision Blizzard Rises 2.16% on Heavy Volume: Watch For Potential Pullback

Feb 05, 2013 (SmarTrend(R) News Watch via COMTEX) -- Activision Blizzard (NASDAQ:ATVI) traded in a range yesterday that spanned from a low of $11.45 to a high of $11.90. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $11.69 on volume of 11.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Activision Blizzard on November 17th, 2011 by issuing a Downtrend alert when the shares were trading at $12.22. Since that call, shares of Activision Blizzard have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Activision Blizzard share prices have moved between a 52-week high of $13.01 and a 52-week low of $10.45 and are now trading 13% above that low price at $11.85 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Transforming Network Infrastructure's Homepage ]




Featured Blog Entries

What Fiber Mountain's Interop Recognition Means for Our Industry

When Fiber Mountain™ began its journey with a launch at Interop New York last fall, we certainly believed that we had a solution that would make a significant impact in the data center space.

What On-Board Optics Means for Density and Flexibility

This past week I read an article in Lightwave Magazine and another in Network World about the formation of the Consortium for On-board Optics (COBO), a group that seeks to create specifications and increase the faceplate density of data center switches and adapters.

Scaling Hyperscale in an Age of Exponential Growth and Virtualization

Over the past several years server, network, storage and application virtualization has revolutionized the way hyperscale data centers are built by consolidating workloads. The trend has simplified network architecture significantly and resulted in huge cost savings as well.

SDN can be the "GPS" Data Center Networks Need

Almost 30 years ago, I came to the USA to attend college, and in my early years as a student I spent every winter, spring and summer break traveling to different parts of this beautiful country.

How Fiber Mountain Future-Proofs Your Data Center

By now you most likely noticed that one of the topics I focus on continually is the problem data centers face today in meeting bandwidth needs. Until now, data centers were forced to purchase fire-breathing, million-dollar core switches to handle the growing volume of traffic, a solution that is both expensive and inefficient.

Video Showcase