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Take-Two Interactive Software Bearish Moving Average Crossover Alert (TTWO)

By Amy Schwartz

Take-Two Interactive Software (NASDAQ:TTWO) shares have crossed bearishly below their 10-day moving average of $58.87 on a volume of 280K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Take-Two Interactive Software have traded between a low of $24.01 and a high of $60.20 and are now at $58.54, which is 144% above that low price. 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 Interactive Software on October 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.60. Since that recommendation, shares of Take-Two Interactive Software have risen 29.9%. 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 Interactive Software

Ticker(s): TTWO