TTWO trade ideas
easy short on TTWODistributuion as we aproach to an untested lvls, PT at trand start and potencial touch at 80's lvl
$TTWO Trading IdeaTTWO may have some folks having a heartache with the aggressive drop. I am in this trade to, but am confident that if the channel is true, we should rebound around in the neighbourhood of 121 - fingers crossed.
By all means don't take this as a trading advice folks
TTWO surprises with beat on earnings and raised guidance. Somewhat out of the blue but yesterdays earnings beat and then raising of guidance is somewhat of a surprise after the dome and gloom that hampered the sector for the previous 3 quarters.
Take-Two Interactive Software Inc. shares rose more than 6% in the extended session Monday following a brief halt, after reporting quarterly revenue that topped consensus estimates.
EARNINGS HIGHLIGHTS- source marketwatch
The videogame maker reported fiscal first-quarter net income of $46.3 million, or 41 cents a share, compared with $71.7 million, or 62 cents a share, in the year-ago period. Take-Two did not provide an adjusted earnings figure but sent out instructions to reporters on how to calculate it. Revenue rose to $540.5 million from $388 million in the year-ago period.
Bookings grew 46% to $422.2 million.
Analysts surveyed by FactSet had estimated Take-Two’s TTWO, -5.19% adjusted earnings of 4 cents a share on bookings of $357 million.
Several large videogame companies, such as Electronic Arts Inc. EA, -4.63% and Activision Blizzard Inc. ATVI, -5.96% , use bookings instead of revenue in order to capture online sales and revenue generated by selling physical units of the games they make.
For the fiscal second quarter, analysts expect adjusted earnings of $1.71 a share on sales of $852 million.
The company said it was raising its fiscal 2020 outlook to earnings of $1.04 to $1.14 a share on sales of $855 million to $905 million. It said it expects bookings of $860 million to $910 million.
Take-Two stock slumped in regular trading Monday but has gained 12.4% this year, with the S&P 500 index SPX, -2.98% rising 17%.
AVERAGE ANALYSTS PRICE TARGET $126
AVERAGE ANALYSTS RECOMMENDATION buy
P/E RATIO 39
SHORT INTEREST 3.7%
COMPANY PROFILE
Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States, Europe, Asia Pacific, and Canada and Latin America. The company was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.
Great Buy for 5-15% return on TTWOTTWO has been on a strong upward trend for the past couple weeks with no sign of a break in pattern. Has been over the 180 EMA with a potential for an east 5-15% profit in the next 1-3 weeks.
TTWO attracts the interest of option traders, July expiryTake-Two Interactive saw options trading volume of 6,327 contracts, representing approximately 632,700 underlying shares or approximately 45.3% of TTWO's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $125 strike call option expiring July 05, 2019, with 2,315 contracts trading so far today, representing approximately 231,500 underlying shares of TTWO. This is also unusual in the fact that TTWO is within a out of favour sector but maybe that's about to change.
COMPANY PROFILE
Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States, Europe, Asia Pacific, and Canada and Latin America. The company was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.
$ TTWO options action alert. $130 July 19 strike 20% upside From the charting perspective it is clear that momentum is back with the bulls and the options market indicated that will continue, option traders are signalling a 20% upside move to the $130 area by July 19. Our previous wave count remains intact and the next hurdle is crossing above the 200ma, which should engage more new investors.
Short video games post earningsTTWO closed higher today following a mixed earnings report and soft guidance. The stock briefly traded down to $95 post-close yesterday before rallying through today's session. Highly-correlated competitors, EA and ATVI, also posted nice daily gains as investors seem generally optimistic on the video game sector. However, this chart of the top three names in the space looks like a good selling opportunity now that we're through earnings.
Using TradingView's advanced charting abilities, I created a composite of TTWO, EA, and ATVI which is indexed to 30,000. The sector had been in a strong, tight uptrend dating back to 2012 before breaking through trendline support as well as the 200-day moving average last October. Despite today's strong performance, we can see that the composite is still trading below the moving average and is contained within a contracting range. I believe the ongoing sideways price action is a Wave 4 triangle within an impulsive sequence off the high. Look for the sector to stall in coming weeks and break lower in Wave 5 - a move which should net at least 10% to the downside. Initiating short positions on TTWO, EA, and ATVI as long as the composite stays below the 200-day moving average.
$TTWO Bullish indicators and Analysts into Monday's Earnings.Expectations have been rising in TTWO for this earnings season, even analysts are raising targets pre earnings which is positive. Although its competitors have had very erratic responses to good earnings, we believe that TTWO will provide a good return on an investment pre earnings. From the charting perspective it is clear that momentum is back with the bulls and breaking above the ICLOUD is a very positive sign,, a;; indicators are positive with plenty of room to run to the upside. We will probably wait until the market hopefully stabilizes on Monday before entering a long
Analysts
Average recommendation BUY
Average target $123
14 Buy
3 Overweight
2 Hold
1 Sell
Company Description
Take-Two Interactive Software, Inc. engages in the development, publishing, and marketing of interactive software games. Its products are designed for console systems, handheld gaming systems, and personal computers including smart phones and tablets; and are delivered through physical retail, digital download, online platforms, and cloud streaming services. It operates through the following geographical segments: United States; Europe; Asia Pacific; and Canada and Latin America.
$TTWO, TAKE TWO HAS MAJOR HEADWINDS AHEAD.Google and Apple what a nightmare for the conventional gaming stocks to hear that those 2 were entering into your market place. Both these companies have ready made customer lists already tied into their eco system through GMAIL, Youtube and IOS, it is very hard to see how they will not be disruptive in this sector.
Long - Take-Two Interactive (TTWO)- NASDAQ:TTWO broke above a falling wedge pattern in place since last summer
- Prices are trading above their 20-day and 50-day EMA
- MACD finally turned positive
- Huge opportunity with Google's new gaming streaming service, Stadia, which allows developers to create games on the cloud while bypassing the higher barriers of entry (consoles & graphic cards)
- Target is set at an overlap level the 200-day EMA (20%) with a stop-loss at the low (8.25%)
bullish cypherHeavy accumulation and money flow in. Looking for a inv H&S to take this up to gap fill at the .382 retrace by mid April.
TTWO TTWO death cross - the 50 SMA (yellow) crossing down through the 200 SMA (red). also with fibonaccis added, lets see how it plays out.
TAKE TWO INTERACTIVE IS ON A SUPPORT - BOUND POSSIBLE The prices of the firm are supported this week from the 144 weekly SMA. The oscillator RSI is in the iper sell zone.
I took a position long til around the level of 110.
SL and TP are indicated on the chart
TTWOTTWO seems to have made 5 waves down (4th was the pennant). Now we have touched a support on the daily level, 86 dollars. The earnings were good, yet there came a drop and there hasn't been a retrace. Analysist are giving TTWO a strong buy, as there hasn't been a retrace yet and there hasn't been bad news. TP around 110 dollars.
Take Two Interactive - a lot of bearish divergence here...As you can see from this chart, too match divergence here - RSI, MACD, AWO - goes down. I expect touch global support zone and fibo 0,618 - around $88,94.
Risky guys can short in identified range.
TTWO: Clearly bearish pennantIt was very clear that its bearish pennant. But just based on this, I cant gamble the ER. But thats a tell !
Check how that pennant lower trend line was hit in the early morning bounce and then turned back lower
***Long term support BROKEN***NASDAQ:MYL Sell short below yesterday's low
Please like, comment and follow if you like my ideas. THANK YOU!!!
Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
$TTWO - Horizontal Buy Zones$TTWO broke its upward trendline from it's August 1, 2012 lows. Gaming as a whole will be in decline for awhile due to their lack of creativity and being out of touch with their customer base.
The purple zone is where I expect TTWO to gap fill down. Depending on the fundamentals, I will buy $TTWO in the green zones.
Feedback is always welcome.
