ATVI shares gain in a bad day for overall markets
Chart courtesy of stockchartsShares of Activision were up today more than 4% to 19.17$ after said it expects fiscal first-quarter results to exceed expectations, thanks to strong sales of its video games such as "Spider-man 3" and "Guitar Hero". Shares have reacted very well to this news and stock have traded more than 15 millions shares moving up with a strong volume in a bad day for the markets, a good sign for Bulls. Looking at the daily chart, stock breakout off the descending triangle formed since May, giving a strong sign for Bulls, also MACD back again above 0 and RSI reached the Bullish area, so and according to these indicatoins stock should inveret the trend. 50 Daily moving average is now the big resistance for stock, so keep an eye tomorrow for a possible close above this line.
JOYG - Keep an eye tomorrow for a possible breakout of the ascending triangle over 61.99$.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Have a nice evening !!!
AC
