Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)
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Posted On: 02/09/2017 9:55:14 PM
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
Investors see Activision Blizzard, Inc. beats earnings
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