The global video game distributor is firmly on the rise in its performance, with a percentage change of 3.00%.
Comparing the performance of the stock with the S&P-500, on a weekly basis, we note that Take-Two Interactive Software maintains positive relative strength compared to the index, demonstrating greater appreciation by investors compared to the index itself (weekly performance +8.64%, compared to +4.49% of the US basket index).
The medium-term scenario is still negative, while the short-term structure shows some improvement, due to the holding of the support area identified at 147.7 USD. The positive short-term movement is indicative of a potential reversal of the bearish trend, with possible attempts to attack prices towards the important resistance area estimated at 152.4. The possibility of a continuation of the bullish phase towards 157.2 is therefore concrete.
The indications are to be considered merely informational tools, and are in no way intended to constitute financial advice, solicitation to public savings or promotion of any form of investment.
(By the Teleborsa Research Office)
