Stock Bullish Trend Great Earnings Report & Analysis Activision Blizzard, Inc. (ATVI) Tops Q3 EPS

Date: 11/8/2011

Stock Bullish Trend Great Earnings Report & Analysis Activision Blizzard (ATVI) Tops Q3 EPS by 5c, Raises FY11 EPS Guidance! Activision beats targets ahead of MW3 launch. Game maker raises full-year forecast, citing latest 'Call of Duty' title.

In this stock market after hours trading video, SMF Pro Traders traded AVTI going into the earnings with 500 share entries at $13.89 and exit prices on the spike at $14.75. This trade was a true example of supply and demand because while all our traders were out to sell at $14.75, only 2 people were able to get out at the ultimate high and the other 2 in the trade sold closer to $14.50.

It's nice to make quick trades and after hours is always a wild ride. We have some longer term call positions for ATVI as we establish a 3 year stock breakout.

Activision Blizzard, Inc. (NASDAQ: ATVI) reported Q3 EPS of $0.07, $0.05 better than the analyst estimate of $0.02. Revenue for the quarter came in at $627 million versus the consensus estimate of $558.44 million.Activision Blizzard, Inc. sees Q4 2011 EPS of $0.55, versus the consensus of $0.53.Activision Blizzard, Inc. sees FY2011 EPS of $0.85, versus prior guidance of $0.77 and the consensus of $0.79.

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