Coiled Squeeze Setup in Video Game Maker as Gaming Sales Rise
Take Two Interactive (TTWO) shares of the video game maker are curling higher off the key support bounce near 150 and seeing a bullish MACD crossover this week as the stock closed back over its monthly POC and 8 day EMA. TTWO has room to rally up to 156 short term with a potentially explosive move setting up from this tight squeeze pattern if can close above that mark and likely target a move to 165. TTWO saw recent large buys on 9/20 for 2500 March $175/$195 call spreads that remain in OI. UK game sales rose 8% YoY in September, according to GI.biz.