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Sell Activision For a 31% Gain

Posted by on April 16, 2017 10:47 AM
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Categories: Stocks

April 16, 2017: Sell Activision for a 31% gain in 68 days and congrats if you made money on the trade.

March 27, 2017: Morgan Stanley reiterates Activision Blizzard Inc with Overweight rating. Morgan Stanley says eSports deep dive finds a $100 million annual rev base case, driven by content licensing/ads/sponsors. This yields minimal upside, but firms $720 million rev bull case shows how eSports could be worth $11 per ATVI share. Firms new eSports-driven $71 bull case has 45% upside.

January 25, 2017: Activision Blizzard’s mobile game unit acquires analytics firm Omniata; no terms disclosed. Activision spokesperson said, “It’s a great team and a proven platform that will add to King’s analytical and technology capabilities.” Source: http://venturebeat.com/2017/01/25/activisions-king-quietly-acquires-analytics-firm-omniata/

January 4, 2017: Activision Blizzard has formed a candle over candle reversal off of horizontal support. Seeing heavy weekly call activity of 1,014 Feb 3 $38 calls traded at $0.73.

Activision Blizzard Stock Chart

Activision Blizzard, Inc., a member of the S&P 500, is the world’s most successful standalone interactive entertainment company.

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