I've been watching ATVI a lot of today and while it's pretty much been following the market, there's been big numbers on the buy all afternoon. So while it may be down, someone is accumulating.
I'm inclined to buy some, but want to see tomorrow's market action. If Apple doesn't hold up, given it's weighting on the NASDAQ, stocks in that index could get ugly in a hurry.
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.