you are viewing a single comment's thread.
You have to admit that the 90-day chart is one nasty looking downward ski slope though.http://finance.yahoo.com/q/bc?s=ATVI&t=3m
It is, but when it diverts that far off the 50-day MA, you usually get a snap back upwards once the selling has ceased. All the indicators are in the right place for that to happen - oversold, money outflow at its limits, etc.
At minimum I think we'll close that gap around 11.50.Beyond that I don't know. Earnings might mix things up a bit but short of a big guidance raise I don't see what's to bring back the scared flock so soon.That's one ugly weekly bar chart. Reminds think of the good old 2008 days. Pff.