TWO Good NASDAQ stocks for June 03: ATVI and GAME

NASDAQ: ATVI (Activision Blizzard Inc)

NASDAQ: ATVI (Activision Blizzard Inc) has closed at $11.95, and its traded Volume was 11108K shares, ATVI opened the Day at $11.95, it made an intraday Low of $11.88, and an intraday High of $12. Price and Moving Averages analysis: ATVI’s close price is above its Short term moving average, short term moving average is currently above mid-term, and above long term moving averages. From the relationship between price and moving averages: This stock is BULLISH in short-term, and BULLISH in mid-long term. Bollinger Band analysis: ATVI (Activision Blizzard Inc) has closed below upper band by 8.7%. Bollinger Bands are 13.5% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices. This stock’s Yearly High is $12.458, Yearly Low is: $10.163, it has supports at $11.15 and $10.59, resistances at $12.06 and $14.08. Overall, this stock is rated BUY today.

ATVI’s earning is $0.43 per share, Next quarter estimated EPS is $0.08, current year estimated EPS is $0.75. Its PE ratio is 28.

NASDAQ: GAME (Shanda Games Limited)

NASDAQ: GAME (Shanda Games Limited) has closed at $7.15, and its traded Volume was 847.9K shares, GAME opened the Day at $7.23, it made an intraday Low of $7.01, and an intraday High of $7.345. Price and Moving Averages analysis: GAME’s close price is above its Short term moving average, short term moving average is currently below mid-term, and above long term moving averages. From the relationship between price and moving averages: This stock is NEUTRAL in short-term, and NEUTRAL in mid-long term. Bollinger Band analysis: GAME (Shanda Games Limited) has closed below upper band by 25.6%. Bollinger Bands are 29.9% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices. This stock’s Yearly High is $7.7, Yearly Low is: $4.99, it has supports at $6.8 and $6.25, resistances at $7.69 and $8.98. Overall, this stock is rated BUY today.

GAME’s earning is $0.7 per share, Next quarter estimated EPS is $0.17, current year estimated EPS is $0.74. Its PE ratio is 10.

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