ATVI has a 390 million monthly active userbase and recently launched Call of Duty BlackOps Cold war. The company is forecasting a strong Q4 with a $2.7B revenue holiday quarter, up from $1.7B last quarter and reports earnings this Thursday AMC. This is because new consoles have been released and PC gaming continues to grow. It is also likely that the new Call of Duty game is gifted over the holiday season. ATVI has been straight up since we called it out back in November, and are expecting a hold of this trend and push back to 95 on a strong run up this week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.