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Look for Shares of Take-Two Interac to Potentially Pullback after Yesterday's 2.61% Rise

By Nick Russo

Take-Two Interac (NASDAQ:TTWO) traded in a range yesterday that spanned from a low of $124.40 to a high of $129.68. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $125.85 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.

Take-Two Interac share prices have moved between a 52-week high of $130.43 and a 52-week low of $87.66 and are now trading 46% above that low price at $128.41 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend is monitoring the recent change of momentum in Take-Two Interac. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Take-Two Interac in search of a potential trend change.

Keywords: rebounders take-two interac

Ticker(s): TTWO