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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 !!!


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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 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.

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