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Watch for Take-Two Interac to Potentially Pullback After Gaining 4.56% Yesterday

By Nick Russo

Take-Two Interac (NASDAQ:TTWO) traded in a range yesterday that spanned from a low of $126.46 to a high of $130.90. Yesterday, the shares gained 4.6%, which took the trading range above the 3-day high of $130.25 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Take-Two Interac has traded in a range of $92.81 to $139.91 and is now at $126.87, 37% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

Keywords: rebounders take-two interac

Ticker(s): TTWO