Long Position on TTWO @ $45.60 on 10/6/2016 (Momentum)

Bullish Cup & Handle on TTWOTake-Two Interactive Software, Inc. (TTWO) develops, publishes, and markets interactive entertainment solutions 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 virtual 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 action, adventure, family/casual, racing, role-playing, shooter, sports, and strategy; various unit selling franchises, including BioShock, Borderlands, Carnival Games, Evolve, Mafia, NBA 2K, Sid Meier's Civilization, Spec Ops, WWE 2K, and XCOM; and various sports simulation titles, including its flagship NBA 2K series, a basketball video game and the WWE 2K professional wrestling series.

The company’s products are designed for console gaming systems, such as Sony's PlayStation 3 and PlayStation 4, and Microsoft's Xbox 360 and Xbox One; and personal computers comprising smartphones and tablets. It delivers its products through physical retail, digital download, online platforms, and cloud streaming services.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm reports its earnings first week of November.

 

52-Weeks Trading Range: $29.13 - $46.78

Entry Point: $45.60

Stop Loss: $43.20

Target Price: $50.16

Updates

10/13/2016 9:59:00 AM

TTWO closed at $41.89

Position closed on 10/13/2016 at price of $41.89 with a -8.14% loss in 7 days.

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