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JimVanMeerten (61.36)

Activision is not just for gamers

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August 25, 2011 – Comments (0) | RELATED TICKERS: ATVI

Complete Article and Graphs

If you're under 35 you may never have used any of the products distributed by Activision (ATVI).  The do computer games

The price action is in recovery as this Barchart graph of the the price movement for the last 6 month versus the 20, 50 and 100 day moving averages shows.

Barchart technical indicators:

1 - On Barchart the sell signals are weakening and the buy signals are starting to strengthen

2 - At the present time Barchart has a short term Hold on this stock

3 - The Trend Spotter still has a technical sell signal but the sell signal is weakening

4 - The stock trades below its 20, 50 and 100 day moving averages as I write this article but it might break the 20 day moving average at any time

5 - In the last 5 days the stock hit 5 new highs but is up only a net of .82% for that period

6 - Barchart computes a technical support level at 10.79

7 - Relative Strength Index is at 47.73% and getting stronger

8 - It recently traded at 11.11 which is slightly below its 50 day moving average of 11.47

Summary:  Activision (ATVI) is a speculative stock combining computer technology and interactive entertainment.  The stock should do well if it continues to refresh and update their current game offerings but will do great if it will invest some of that positive cash flow to develop new and even more spectacular games in the future.  If the analysts sales and earnings projections materialize I look for investors entering at this price level to see an 18% - 23% annual  total return over the next 5 year period.  I know those projections seem wide but we are talking products that must attract the fad crazed youth market. To succeed there you must stay ahead of the curve.

Jim Van Meerten is a Marketocracy Master

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