Activision Blizzard Inc (ATVI)

[Adamwhoseve]

The technicals are going off for Activision. We've seen a textbook 50% correction over the the last month and a half from the gains that occurred during last years uptrend. Second, it's showing strong resistance to the 50, 200 DMA. I measure the current 50 DMA around 31, and if it can break the resistance on its price history at 30 and continues to uptrend then it will absolutely go until 31. Then if it can break the 50 at 31 (It will take a couple bounces) then I have no doubt it is going to shoot into the mid to high thirties over the next two months.

Be on watch this week for the 30 break of resistance.