1. Earnings estimate decreased in the last week
2. Crossed below 50-day moving average since in the last week
3. Last price less than the 50-day moving average
4. Last price is greater 200-day moving average
5. Average daily volume last 2 weeks is greater than the average daily volume last quarter
Looks to me like it is going down. Anyone have any guesses as to how far?
Well it did. I tried to warn you guys with information and was only ridiculed with dumb comments. I hope some listened. Now the Trend is officially down. It may take awhile to come back. I hope for all bag holders that you make your money back sooner rather than l8r.
there is no guarantee that it will go up or down. Their is no rule that says stocks need to go up. The current market is in a down trend. The current pattern both fundamentally and technically for ATVI is not pretty. Yes, I lOVE getting 2 - 6 % on the way down and then I'm gone. I could care less about waiting for 25% on the upside when I make way more than that over a number of trades. Look I know we have different styles. I get that, but it is important to have multiple view points. It seems completley obvious to me that ATVI is breaking down. This is not good for longs. It may seem obvious to you that people are going to buy their games even though their competition is extreme, and job loss rate is increasing. ATVI is priced for perfection and I'm just pointing out a current crack in the glass. Good luck to all.
dude you had better learn your TA...of course it CAN go to 15 SHORT_TERM but you TA is lacking A LOT. Let me ask you this...what indicators should one in a very volatile market like we are in right now. Give me YOUR 3 best.
ATVI is range bound at the moment is is building a base. Once again a hegie or two is naked shorting selling us right now IMHO. They should be locked up.
As for TA question - I listed my Top indicators in my first post. I'll add that lower lows and lower highs along with a developing head and shoulders are adding to my case.
As for naked shorts. You clearly are confused. There is no chance on earth this company is experiancing naked shorting. Shorting yes, but not naked shorting. The feds are all over this and no way do any firms have the guts to Naked short when they are in this bailout process.