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

By Shiri Gupta

Take-Two Interac (NASDAQ:TTWO) crossed over its 10-day moving average of $113.50 on a volume of 2.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Take-Two Interac share prices have moved between a 52-week high of $129.25 and a 52-week low of $35.00 and are now trading 228% above that low price at $114.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Take-Two Interac on May 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $105.06. Since that recommendation, shares of Take-Two Interac have risen 7.6%. 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