Take-Two Interactive Software, Inc (TTWO) seems to bounce every time it gets around the 50 day sma and it looks like it is at it again. This time it spent quite a while in that area but now is over 15.97 resistance which will become support. The indicators are bullish and it has room to go to the next resistance at 16.75. If it can close over 16.75 making a new 52 week high it could run to the 161.8 Fib retracement at 19.66.
Click here for chart
http://www.learnstocks101.com/technical-analysis-charts/ttwo/2011/05/take-two-interactive-software-inc-ttwo
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