Activision (ATVI) Offering Possible 33.69% Return Over the Next 22 Calendar Days

Activision's most recent trend suggests a bullish bias. One trading opportunity on Activision is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 33.69% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $1.26 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock dropped below the $60.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Activision is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Activision is bullish.

The RSI indicator is at 64.76 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Activision

Activision Blizzard Stock Is Near a 52-Week High. One Analyst Says the Stock Still Has Room to Run.
Tue, 21 Apr 2020 23:35:00 +0000
Barron’s turned bullish on Activision in August, and reiterated that view at the end of the year. Now an analyst at Benchmark explains why the stock can continue to run.

Top Video Game Stocks Are Trading In Or Near Buy Zones
Tue, 21 Apr 2020 20:22:21 +0000
Several top video game stocks are trading in or near buy zones as consumers continue to shelter in place during the Covid-19 coronavirus pandemic. They include Activision and EA.

U.S. videogame sales surge in March as lockdown keeps people indoor
Tue, 21 Apr 2020 20:00:24 +0000
Videogame sales in March hit their highest in over a decade, as Americans turned to games like “Animal Crossing: New Horizons” and “Call of Duty: Modern Warfare” because of lockdowns to stem the spread of the coronavrius. Nintendo's life-simulation title “Animal Crossing: New Horizons”, launched last month, topped NPD's best-selling list, followed by Activision Blizzard Inc's battle blockbuster “Call of Duty: Modern Warfare”. “NBA 2K20” from Take-Two Interactive Software Inc and Sony's baseball simulation game “MLB: The Show 20” were also among the most sold games, the data showed.

Why In-Game Revenue Is Key For Publishers Like Activision, Electronic Arts
Tue, 21 Apr 2020 19:35:36 +0000
Netflix Inc (NASDAQ: NFLX) is akin to a buffet where consumers pay one price regardless of how much they consume.The comparison is only "partly true" for most video game publishers, Wedbush managing director and equity analyst Michael Pachter said Monday on Benzinga's PreMarket Prep show. Pachter's Take On Gaming Stocks Video game users increasing their screen time with a game like "Call of Duty" are more likely spending more money on in-game items, Pachter said.Activision Blizzard, Inc. (NASDAQ: ATVI) offers a free-to-play version, but the user can buy various items like Redeploy Tokens, which bring a fallen teammate back to life, the analyst told the PreMarket Prep hosts.The mobile version of "Call of Duty" is on track to collect $300 to $400 million in revenue, a "gigantic" figure, he said. "So the right way to think about the publishers is to look at their revenue and look at the portion of their revenue that comes from in-game spending," Pachter said."For Activision that's about two-thirds; for Electronic Arts Inc. (NASDAQ: EA) and Take-Two Interactive Software, Inc (NASDAQ: TTWO), that's about half."Sees Slow Uptake In Esports The video game publishers with the largest exposure to in-game revenue will "benefit the most" from the stay-at-home phenomenon, Pachter said. Other "massive beneficiaries" of this trend include Zynga Inc (NASDAQ: ZNGA) and Glu Mobile Inc. (NASDAQ: GLUU), he said. The esports category is a whole different one, and more like a "generational phenomenon" that requires many years to take off, the Wedbush analyst said. "Come back to me in 20 years when your kids are our age and their kids are watching esports and then I think it will be a phenomenon," he said.Related Link: Making Most Of Lockdowns, Facebook Gaming Launches Earlier Than PlannedWatch the full interview with Pachter in the clip below, or listen to the podcast here.PreMarket Prep is a daily trading show hosted by prop trader Dennis Dick and former floor trader Joel Elconin. You can watch PreMarket Prep live every day from 8-9 a.m. ET here. The replay can be found on Benzinga's YouTube channel, and the podcast is on iTunes, Google Play, Soundcloud, Stitcher and Tunein.Latest Ratings for ATVI DateFirmActionFromTo Apr 2020BenchmarkMaintainsBuy Apr 2020Wells FargoInitiates Coverage OnOverweight Apr 2020MKM PartnersUpgradesNeutralBuy View More Analyst Ratings for ATVI View the Latest Analyst Ratings See more from Benzinga * Dave Portnoy And Jim Cramer Talk Stock Market, Nordic American And More * Mark Tepper Says 'DAWN' Is The New 'FANG'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Is Activision Blizzard Stock A Buy Right Now?
Fri, 17 Apr 2020 15:40:46 +0000
Activision stock tries to recover amid a shift to mobile and free games. What the fundamentals and technical analysis say about buying ATVI stock now.

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