Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) jumped over 10% after-hours on Thursday following the company reporting better-than-expected earnings. In addition, investors cheered a hike in the dividend and a $1 billion buyback of shares. The stock is currently trading around $44.00 but will have more upside in the coming days. The likely price target based on a technical analysis trend line is $48.00. Once that is achieved, investors should be looking to take profits and even sell the stock short. A pull back from that level could be easily worth 10% or more to investors on the downside.



Investors see Activision Blizzard, Inc. beats earnings