Don't Ignore This Chart!

Activision ATVI Launches On A Call Of Duty : Heroes


ATVI - Activision announced a positive response to the Call Of Duty : Heroes software release. After a fantastic 2015 (100% gain), ATVI took a short break in the uptrend. Now, it looks to be resuming it's investor enthusiasm.

With the SCTR back above 75, the Relative Strength breaking out to new 3 month highs, and the MACD turning up again from above zero, this looks good. The price action looks to be mimicking last year. In 2015, ATVI bounced from a low early in the year. In early May, the stock popped and really moved for the rest of the year. Here we sit in early May 2016 with a similar looking breakout.

In a larger picture, this looks like another nice entry into ATVI. Support at $34 should be used as a stop.

Good trading,
Greg Schnell, CMT, MFTA.

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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