ATVI long

16 apr 2020

ACTIVISION is a video game software company with a promising future due to its Call of Duty franchise and games alike. ATVI may be a fruitful investment for the long term with the prices already surpassing highs prior to the start of the COVID-19 Bear market, its one of the first companies to have fully recovered all of its losses from 2/20/20 to 3/20/20 (COVID-19 Low). As of 4/16/20, ATVI has broken the high of $64.44 (2/20) trading above $69 in after-hours. From its low of $52.05 on 3/20/20 to now it has recovered 100% of its losses with a beautiful pivot and is now up 30.64% in a month. Not to mention the release of newer game consoles such as the long anticipated PS5 from Sony (SNE), and Xbox Series X by Microsoft (MSFT), it is easy to see that ATVI will be a greatly benefited stock given these circumstances and will certainly test the $80+ highs recorded in the Fall season of 2019. If you're looking for virus proof stocks to add to your portfolio, Activision (ATVI) is high on the list.