Take-Two Interactive Software
Today's Volume: 4.8 millionAverage Volume: 1.4 million Volume % Change: 433% Shares of TTWO are trending higher today despite the fact that the company said its fiscal fourth-quarter loss widened and its projections for the current quarter fell far short of analysts' expectations. >>5 Tech Stocks to Buy Instead of Facebook From a technical perspective, TTWO is bouncing hard here off of oversold conditions with monster volume. The current relative strength index reading for TTWO is 23.77, which indicates an extremely oversold condition. Traders should now look for long-biased trades in TTWO if it can manage to close near or above its daily high. At last check, TTWO has hit an intraday high of $12.27. If we get that action, look for TTWO to continue this bounce possibly back towards $13 to $13.50 in the near-term. On the flipside, I would avoid long trades or look for short-biased trades if TTWO takes out some previous support at $11 to $10.63 with high-volume.
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