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Bullish Moving Average Cross by Take-Two Interac (TTWO)

By Amy Schwartz

Today, shares of Take-Two Interac (NASDAQ:TTWO) have crossed bullishly above their 10-day moving average of $115.31 on a volume of 263K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Take-Two Interac share prices have been bracketed by a low of $84.41 and a high of $139.91 and are now at $116.66, 38% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Take-Two Interac on April 29th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.57. Since that recommendation, shares of Take-Two Interac have risen 18.0%. We continue to monitor TTWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses take-two interac

Ticker(s): TTWO