This long-term PnF chart for Activision extends back to 2003 when the stock was trading in the low single digits. After rising above 19, the stock went into corrective mode in 2008 and broke out in 2009. With the May-June (5-6 on the chart) breakout, ATVI has a bullish price objective of 22.5.
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Well, we got our seasonally strong July, but now, like clockwork, August has arrived, and the market sells off. It eerily echoes last August’s decline. Back then, the stock market sold off the week of August 5 on a weak jobs report, came close to its 40-week moving average,... READ MORE
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