Chart Of The Day: Take-Two Interactive Software - Not Playing Any Games
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The Chart of the Day belongs to the electronic gaming and multimedia company Take-Two Interactive Software (TTWO). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 11/ 9 the stock gained 15.16%.
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TTWO Price vs Daily Moving Averages
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names. The company also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, XCOM series, Borderlands, and Tiny Tina's Wonderland. In addition, it publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; and PGA TOUR 2K. Further, the company offers Kerbal Space Program, OlliOlli World, and The Outer Worlds and Ancestors: The Humankind Odyssey; free-to-play mobile games, such as CSR Racing, Dragon City, Empires & Puzzles, FarmVille, Golf Rival, Harry Potter: Puzzles & Spells, Merge Dragons, Merge Magic, Monster Legends, Toon Blast, Top Eleven, Toy Blast, Two Dots, Words With Friends, and Zynga Poker; and a volume of mobile titles, including Fill the Fridge!, Parking Jam 3D, Pressure Washing Run, and Pull the Pin. Its products are designed for console gaming systems; personal computers; and mobiles comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was incorporated in 1993 and is based in New York, New York.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 48.90+ Weighted Alpha
- 52.21% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50, and 100 day moving averages
- 7 new highs and up 4.01% in the last month
- Relative Strength Index 72.82%
- Technical support level at $167.34
- Recently traded at $168.50 with 50-day moving average of $158.84
Fundamental Factors:
- Market Cap $28.21 billion
- P/E 93.84
- Wall Street projects Revenue will grow 3.90% this year and another 41.80% next year
- Earnings are estimated to decrease by 9.20% this year, but increase an additional 129.10% next year and continue to compound at an annual rate of 60.10% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 13 strong buy, 6 buy, 6 hold, and 1 underperform recommendations this month
- Analysts price targets are $109 to $200 with a consensus of $174
- The individual investors following the stock on Motley Fool voted 1,582 to 104 for the stock to beat the market with the most experienced investors voting 387 to 19 for the same result
- Value Line gives the stock its lowest rating of 5 and has an 18 month price target of $146
- CFRAs MarketScope has a 4 star buy rating and a 12 month price target of $172
- 122,060 investors monitor the stock on Seeking Alpha
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Disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely ...
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