Resistance Level at 12, break could mean 50% upside
Chart is showing a recent consolidation pattern. Once the stock breaks through 12.00, there is minor resistance at 12.50 before heading up to 13. If ATVI can get through that resistance, it should run into the $16+ range. However if it drops below $11.28 (the current 50-day), then the chart is likely to remain in a channel. With 4Q10 revenues to beat estimates, analysts will have to raise their forecasts (it has to happen eventually unless WoW is a flop).
My job is just to read the charts and analyze the underlying data. What the market does, well that can be another story. My guess is that the analyst upgrades for the quarter will hit once advance sales figures for WoW are released.