S&P 500 Market Outlook: Bullish
Bullish Trade: ATVI $55.01 – Communication
The bullish DailyPlay we chose for Friday, Sept 20th is Activision (ATVI). ATVI is part of the Communication Sector (XLC). XLC has rallied 4.01% higher over the past month and its 1m and 6m trend turned bullish on Sept 4th while recently bouncing higher off its $55 support level.
Activision’s 1m and 6m trend turned bullish on Aug 26th and recently bounced higher off its $54 support level. With a technical score of 9 (out of 10), ATVI is a strong stock that will likely continue higher.
As a stop loss, if ATVI was to trade below $54 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.
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