ATVI continues to outperform ERTS. On the day, ATVI is up 1.66% while ERTS is down 2.44%. Since Recommendation the trade has performed well too. ATVI is down 9.7% while ERTS is down 29.4%. ATVI outperformed by 19.7%.
I would look to sell ATVI and cover ERTS here. ERTS is getting killed, but could be in a capitulatory stage. Since ATVI has held up pretty well lately, it could be vulnerable to a bear raid.
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