Don't Ignore This Chart!

Activision Surges Off Support to Form Double Bottom


Activision (ATVI) came to life with a gap and high-volume surge off support in 2013. The stock remains in a long-term downtrend, but could be forming a double bottom over the last three months. A break above the December high would confirm the pattern and reverse the downtrend.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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