OptionsPlay DailyPlay

The bullish DailyPlay we chose for Tuesday March 7th is Activision Blizzard (ATVI). ATVI is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 4.81% move higher and its 1m and 6m trend has turned bullish on 12/7 and recently broke above its $52 resistance level.

Activision Blizzard’s 1m and 6m trends turned bullish on 2/10 and recently broke above its $46 resistance level on high volume. With a technical score of 8 (out of 10), ATVI is a strong bullish stock that looks to continue higher.

View this Trade Idea on ATVI

As a stop loss, if ATVI was to trade below $46 for multiple days, this would invalidate our analysis and suggest getting out of the trade.