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

By David Diaz

Take-Two Interactive Software (NASDAQ:TTWO) shares have crossed bullishly above their 10-day moving average of $41.39 on a volume of 132K 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.

In the past 52 weeks, Take-Two Interactive Software share prices have been bracketed by a low of $24.01 and a high of $42.98 and are now at $41.85, 74% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Take-Two Interactive Software on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.99. Since that recommendation, shares of Take-Two Interactive Software have risen 5.9%. 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