New Highs Coming For TTWO: My Stock Pick for the Year 2014
Disclosure: Long shares and mar calls, soon to add 2015 calls
TTWO is a remarkably undervalued company from the street with blowout quarters in the past 2 but street expectations still seeming higher than what is delivered. It seems like people are waiting to see if the company will actually have another title besides GTA. Fundamentals aside (which are very solid), technically this chart looks very impressive, the stock has filled its earnings gap in a big way and consistently tested and bounced off its 200 ma all year. The stock has been under heavy accumulation recently with a rising RSI and a MacD that is about to cross over. Series of higher lows and higher highs in the stock with volume confirming. The stock is about to breakout to new highs, above 19.4 or so this stock will be in full breakout mode and reach new highs in 2014.
TTWO is a remarkably undervalued company from the street with blowout quarters in the past 2 but street expectations still seeming higher than what is delivered. It seems like people are waiting to see if the company will actually have another title besides GTA. Fundamentals aside (which are very solid), technically this chart looks very impressive, the stock has filled its earnings gap in a big way and consistently tested and bounced off its 200 ma all year. The stock has been under heavy accumulation recently with a rising RSI and a MacD that is about to cross over. Series of higher lows and higher highs in the stock with volume confirming. The stock is about to breakout to new highs, above 19.4 or so this stock will be in full breakout mode and reach new highs in 2014.
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