Activision (ATVI) E-Sports Heats Up

The bullish DailyPlay we chose for Thursday, April 4th is Activision (ATVIWealth Strength IndexATVI is Flat and trending Down). ATVIWealth Strength IndexATVI is Flat and trending Down is part of the Communications Sector (XLC). XLC has rallied 2.75% higher over the past month and its 1m trend turned bullish on April 1st while breaking above its $47.50 resistance level.

Activision’s 1m and 6m trends turned bullish and neutral on March 18th and recently bounced higher off its $46 support level. With a technical score of 2 (out of 10), ATVIWealth Strength IndexATVI is Flat and trending Down is a weak stock that is starting to trend higher.

As a stop loss, if ATVIWealth Strength IndexATVI is Flat and trending Down was to trade below $46 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

View ATVIWealth Strength IndexATVI is Flat and trending Down Trade