Be careful going long on activision blizzard stock. I wouldn't touch this stock.
Tomorrow we will open below 161.8% fibonacci (=61.87 dollar per share) which is problematic for the bull case. It's not the right time to go long on this stock.
Stock went down after market because of bad earnings:
"Activision Blizzard (ATVI) reported 3rd Quarter September 2018 earnings of $0.42 per share on revenue of $1.5 billion. The consensus earnings estimate was $0.50 per share on revenue of $1.7 billion. The Earnings Whisper number was $0.57 per share. Revenue fell 6.6% compared to the same quarter a year ago.
The company said it expects fourth quarter earnings of approximately $0.64 per share on revenue of approximately $2.236 billion. The current consensus earnings estimate is $1.35 per share on revenue of $3.07 billion for the quarter ending December 31, 2018. However, the company also said this is in-line with its previous guidance for 2018 earnings of approximately $2.46 per share on revenue of approximately $7.355 billion. The current consensus earnings estimate is $2.49 per share on revenue of $7.51 billion for the year ending December 31, 2018.
Activision Blizzard Inc is an online, personal computer, video game console, tablet, handheld, and mobile game publisher. It has three operating segments: - Activision Publishing, Inc., Blizzard Entertainment, Inc. and Activision Blizzard Distribution."
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