--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | ALCOA and HANS with a nice chart » | Stocks to watch today !!!! » | The New 7 Wonders of the World - Lisbon » | AC is coming! » | Trade Analyses - Research in Motion, Priceline, Bu... » | Stocks in focus Friday » | iPhone on sale !! Novellus and Broadcom drop » | Stocks on the move this afternoon » | US Airways group near to break the base » | Vista Start Menu for Windows XP » 

Tuesday, July 10, 2007 

ATVI shares gain in a bad day for overall markets

Chart courtesy of stockcharts

Shares 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.

Chart courtesy of stockcharts

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

Labels: ,

Bookmark and Share

Contact

About Me

    Photobucket
  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google