Activision Blizzard (ATVI) saw its IBD SmartSelect Composite Rating jump to 98 Wednesday, up from 92 the day before.
The upgrade means the stock currently tops 98% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Activision is currently extended from a breakout in February. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.
The stock has a 90 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 11% earnings-per-share growth. Revenue growth came in at 49%, down from 58% in the previous quarter. The company's next quarterly report is expected on or around May. 5.
Activision Blizzard earns the No. 1 rank among its peers in the Computer Sftwr-Gaming industry group. NetEase (NTES) and Amaya (AYA) are also among the group's highest-rated stocks.
RELATED:
