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Thursday, October 6, 2011

ATVI

Stockcharts went down just after I got this chart, so if there are no others afterwards that means it did not come back up. ATVI was one of very few new highs, and even fewer breakouts, so it did stick out, because ottherwise I would not have looked at it due to the low volume. What caught my eye here was the breakout in price relative which came over a month ago. Had that been the buy point, yoou would be sitting on a nice profit now, but you would have had to have a very wide stop. O'Neil would have a stroke if i suggested anticipating breakouts, especially during a bear market, but here is a case where, in hindsight, it worked.



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