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After Yesterday's Rally of 2.10% Shares Could Potentially Pullback

By David Diaz

Take-Two Interactive Software (NASDAQ:TTWO) traded in a range yesterday that spanned from a low of $43.84 to a high of $45.04. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $44.47 on volume of 792,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 12.2%. We continue to monitor TTWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Take-Two Interactive Software share prices have been bracketed by a low of $24.01 and a high of $45.04 and are now at $44.64, 86% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.14% lower over the past week, respectively.

Keywords: rebounders Take-Two Interactive Software

Ticker(s): TTWO