The bullish DailyPlay we chose for Thursday Aug 17th is Activision Blizzard (ATVI). ATVI is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 2.16% move higher and its 1m and 6m trend has turned bullish on 8/14 while bouncing higher off its $57 support level.
Activision Blizzard’s 1m and 6m trends turned bullish on 8/14 while bouncing higher off its $60 support level. With a technical score of 10 (out of 10), ATVI is a strong bullish stock that looks to continue higher.
As a stop loss, if ATVI was to trade below $60 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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