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After Yesterday's Rally of 3.32% Shares Could Potentially Pullback

By David Diaz

Take-Two Interac (NASDAQ:TTWO) traded in a range yesterday that spanned from a low of $87.66 to a high of $90.66. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $89.91 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Take-Two Interac have traded between a low of $35.00 and a high of $90.66 and are now at $90.49, which is 159% 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 Interac on July 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.77. Since that recommendation, shares of Take-Two Interac have risen 14.3%. We continue to monitor TTWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders take-two interac

Ticker(s): TTWO