Activision Flies the Flag at Half-Mast

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Activision Blizzard (ATVI) sports a bullish continuation pattern and improving momentum. The stock gapped up in mid January and broke out in early February. ATVI was overbought after a 25% surge and worked off these overbought conditions with an extended flag. I say extended because eight weeks is getting long for a flag pattern. Nevertheless, the flag represents a consolidation and a flag breakout would signal a continuation of the January-February surge. The indicator window shows MACD holding above zero and moving above its signal line this week.


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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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