Today's Technical View on Activision Blizzard, Intl. Game Technology, Glu Mobile, and Rovi
LONDON, April 11, 2013 /PRNewswire/ --
All the major indices continued their upward ascent with the S&P 500 and The Dow Jones Index closing at all time highs. The technology sector remained strong with S&P Technology Sector Index showing 1.8 percent gain. The sector received a lift from positive quarterly results announced by constituent companies. Our research team tracked the performance of major technology companies including Activision Blizzard Inc. (NASDAQ: ATVI), International Game Technology (NYSE: IGT), Glu Mobile Inc. (NASDAQ: GLUU) and Rovi Corporation (NASDAQ: ROVI). StockCall initiated free in-depth technical analysis on ATVI, IGT, GLUU, and ROVI which are currently available upon sign up at
http://www.stockcall.com/research
Activision Blizzard Inc. extended its 52-weeks gain by closing 1.43 percent higher. The stock ended Wednesday's session at $14.88, while its highest price point for the session stood at $15.00. It traded 4.66 million shares, down from its average daily volume of 6.33 million. Activision Blizzard traded in the range of $10.45 and $15.08 in the past 52 weeks, and currently it is trading near its high price point. The company commands market capitalization of $16.54 billion, and it reported its latest EPS at $1.01. The company's stock gained more than 17 percent in the past 52 weeks. Sign up for the free technical analysis on ATVI at
http://www.StockCall.com/ATVI041113.pdf
International Game Technology showed gains with below average volume to end its latest session at $16.65. The stock ended 2.21 percent higher than its previous close. Its volume for the day stood at 2.297 million shares. The stock is currently trading higher than its 20-day SMA and its 50-day SMA of $16.61 and $16.58 respectively, showing a bullish trend. Its first resistance level is at $16.79 while it may tumble down to $16.44 before receiving any support. International Game Technology's stock is up 21.98 percent on a YTD basis, while offering 1.92 percent dividend yield. The company commands market capitalization of $4.40 billion. Download the free report on IGT by registering at
http://www.StockCall.com/IGT041113.pdf
Glu Mobile Inc. ended its latest trading session at $2.91, up 1.75 percent from its previous close. With its latest upward movement, the stock is now up 25.97 percent on a YTD basis, while its 52 weeks loss stands at 41.57 percent. The company's stock oscillated in the range of $2.80 and $2.93 during yesterday's session. It traded 2.25 million shares and shows a bullish trend. The stock may touch $3.08 in the coming trading sessions. Upon breaching this level, its next resistance level is at $3.25. Glu Mobile trades at beta of 2.38, making it a highly volatile stock while its 52 weeks range stands at $1.99 and $5.90. The free report on GLUU can be downloaded by signing up now at
http://www.StockCall.com/GLUU041113.pdf
Rovi Corporation traded up in Wednesday's trading session. The stock closed 3.34 percent higher at $21.33 with below average volume of 489,244 shares, showing a bullish trend. Rovi has its first support level at $21.10. Upon breaching this level, its next support level is at $19.51. Rovi Corporation's 52 weeks high stands at $30.32, while its 52 weeks low stands at $9.91. The company commands market capitalization of $2.24 billion. The company is also trading below its short-term and long-term average price of $21.34 and $21.36 respectively. Free report on ROVI can be accessed by registering at
http://www.StockCall.com/ROVI041113.pdf
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