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SmarTrend Watching for Potential Pullback in Shares of Take-Two Interac After 2.65% Gain

By Amy Schwartz

Take-Two Interac (NASDAQ:TTWO) traded in a range yesterday that spanned from a low of $99.29 to a high of $101.37. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $99.00 on volume of 763,000 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 its subscribers protect gains by selling shares of Take-Two Interac on February 8th, 2018 by issuing a Downtrend alert when the shares were trading at $109.41. Since that call, shares of Take-Two Interac have fallen 10.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Take-Two Interac has traded in a range of $35.00 to $129.25 and is now at $101.08, 189% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders take-two interac

Ticker(s): TTWO