Time for Investors to Take the Plunge on Activision Blizzard, Inc. (NASDAQ:ATVI)

Equity Research firms currently have a positive stance on shares of Activision Blizzard, Inc. (NASDAQ:ATVI). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.90. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $47.27 on a short term basis.

At the time of writing, the stock was trading at $43.97. This represents a change from the opening price of -0.53%. In terms of performance, year to date, the stock is 14.85%. The monthly stock performance comes in at 4.63%. For the quarter, shares are performing at 9.84%. Weekly performance analysis shows the equity at 0.27%.

In taking a look at technical levels, shares are trading 4.48% away from the 50 day simple moving average and 18.09% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -2.54% away from it’s 52- week high and 67.36% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Activision Blizzard, Inc.’s RSI stands at 57.45. In looking at volatility levels, the shares saw weekly volatility of 1.33% and 1.87% over the past month.

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