Take-Two Interactive Software is an American video game company. It is known for successful franchises like Grand Theft Auto, Bio Shock, and NBA 2K. Take-Two is the third-largest publicly traded game company in the US and Europe. The gaming industry is undergoing tremendous growth, and Take-Two is among the leading industry players. Take-Two owns Rock star Games, a well-known publishing house, and is making other acquisitions as well. As a result, the company is poised for longer-term growth.
The long-term monthly chart for Take-Two shows an uptrend that began in 2012 and continues to date. The price went through a major correction in 2018-2019 with a 40% drop. At the time, prices held above the bottom of the long-term trend. Then came March 2020, when prices broke the bottom trend line for a couple of months, but prices eventually went back up. More recently, after hitting a peak of $211 in January 2021, the price dropped 20% and is now close to the bottom trend line, an area of value. A long position with a target price of $210 and a stop loss of $159 can be initiated.

Position entered into our long-term tracking portfolio today. The entry point is at $168.93, and the stop-loss is placed at $149.71, which is 11 % below the entry point. The short-term to medium-term take profit at the top of the trend is set at $202.39, giving a profit of 20%.