16th day of $QQQ short term up-trend; $ATVI showing strength, heading towards GLB?

GMI4/6
GMI-24/8
T210850%

ATVI is showing a lot of strength as a BOS stock finding support on its lower Bollinger Band and its 30 day average (red line). Black volume spikes suggest institutional buying. Next hurdle, breaking through its all-time high at its green line (green line break-out, GLB) and holding it.

Screen Shot 2016-06-16 at 7.33.41 PM

The QQQ completed its 16th day of its short term up-trend.

1 thought on “16th day of $QQQ short term up-trend; $ATVI showing strength, heading towards GLB?”

  1. My TC 2000 3 month chart tells me that ATVI peaked out on 5/16/2016. It is slowly getting bearish. It has a high P/E of 34 and that is about 177% higher than average. EPS is down about 12% over the last year. Summary: Just stay away and watch it. Sir Cat Herder.

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