Long Position on ATVI @ $37.00 on 11/30/2015 (Momentum)

Activision Blizzard, Inc. (ATVI) develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide.

The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers.

It also publishes online subscription-based games in the massively multiplayer online role-playing game category; and real-time strategy and role-playing games. In addition, the company maintains a proprietary online-game related service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games.

Further, it provides warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software; and manufacturers of interactive entertainment hardware products.

The company serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, game specialty stores, and consumers through third-party distribution, licensing arrangements, and direct digital purchases. Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.

52-Weeks Trading Range: $18.43 - $38.03

Entry Point: $37.00

Stop Loss: $35.00

Target Price: $40.70

Updates

1/27/2016 12:12:25 PM

ATVI closed at $35.00

Position closed on 1/27/2016 at price of $35.00 with a -5.41% loss in 58 days.

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