TTWO facing resistance, still a good buy

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Fundamentals
134.53. NO DIVIDEND
Based in New York, New York
Full time employees: 4,492
Its products are designed for Sony’s PlayStation 3 &4, Microsoft’s XBOX 360 and One, personal computers, smartphones and tablets. The company develops, publishes and markets entertainment products for consumers worldwide. Offers products under Rockstar Games, 2K Labels, Private Division and Social Point.
Develops action/adventure products under Grand Theft Auto, Max Payne, Midnight Club and Red Dead names.
STOXLINE: STRONG BUY 4 Green Stars with a 6 month price target of 161.94
P/E: 52.55
P/E Growth ration -0.01

Technicals
This is another stock that is extremely overbought. It shows strong growth along with the rest of the industry, but it is encroaching on the upper bound of the KRI, and the Momentum indicators are still very strong. Although it has made new highs, momentum seems to be petering out, and a retracement is likely.

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