Long Position on TTWO @ $31.40 on 7/30/2015 (Momentum)

Take-Two Interactive Software, Inc. (TTWO) develops, publishes, and markets interactive entertainment for consumers worldwide.

The company offers its products under the Rockstar Games and 2K labels.

It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and currency; and releasing titles for smartphones and tablets. The company also develops brands in other genres, including the L.A. Noire, Bully, and Manhunt franchises.

In addition, it publishes various entertainment properties across platforms and a range of genres, including shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, and XCOM Enemy Unknown series, as well as Borderlands and Evolve franchises; and various sports simulation titles, including its flagship NBA 2K series, a basketball video game and the WWE 2K series.

The company’s portfolio of brands also comprise Carnival Games, Rockstar Games Presents Table Tennis, Sid Meier's Pirates!, Spec Ops, and Top Spin. Its products are designed for console gaming systems, such as Sony's PlayStation 3 and PlayStation 4, and Microsoft's Xbox 360 and Xbox One; handheld gaming systems; and personal computers comprising smartphones and tablets.

The company delivers its products through physical retail, digital download, online platforms, and cloud streaming services. Shares have formed a bullish "cup & handle" (following the company's strong report) and higher share prices are expected for this stock.

52-Weeks Trading Range: $20.13 to $31.72

Entry Point: $29.83

Target Price: $34.55

Stop Loss: $29.83

Updates

8/25/2015 10:58:54 AM

Closing TTWO at $28.00 after it failed to rebound with the market!

Position closed on 8/25/2015 at price of $28.00 with a -10.83% loss in 26 days.

Back to Portfolio