Activision Blizzard (ATVI) Looking for High Score

One of the stocks we analyzed in Monday's Daily Market Commentary webinar was Activision Blizzard Inc. (ATVI), which recently broke out of a symmetrical triangle bullish continuation pattern and appears poised to challenge its 52-week high of $79.63.

ATVI is riding the bullish wave that the runaway success of games like Fortnite has been creating in the industry. pushing many video game companies higher as more kids, teens and even adults flock back to video games.

ATVI has built strong growth in its monthly active user (MAU) numbers on the back of games like "World of Warcraft," "Overwatch" and "Hearthstone," and this fundamental strength has brought the stock up to resistance at $75, a level that may not hold much longer.