NEW BULLISH Plays

Activision/Blizzard Inc. - ATVI - close: 14.98 change: +0.12

Stop Loss: 14.49
Target(s): 16.75
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 13, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 10.3 million
New Positions: Yes, see below

Company Description

Why We Like It:
2013 has been a good year for video game giant ATVI. The stock has soared following its Q4 earnings results. Shares have broken out from a three and a half year limbo inside the $10.00-13.50 trading range.

We think this strength continues with ATVI on the verge of breaking out past potential round-number resistance at the $15.00 mark. Today's high was $15.05. I am suggesting a trigger to launch small bullish positions at $15.15. We want to keep our position size small because ATVI is still arguably overbought in spite of the recent sideways consolidation. If triggered our target is $16.75.
FYI: The Point & Figure chart for ATVI is bullish with a long-term $24.50 target.

Trigger @ 15.15

Suggested Position: buy ATVI stock @ (trigger)

Annotated chart:

Weekly chart: