TMCNet:  Traders Get Bullish on Shares of Glu Mobile, Shares Up 6.6% (GLUU)

[March 21, 2013]

Traders Get Bullish on Shares of Glu Mobile, Shares Up 6.6% (GLUU)

Mar 21, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Glu Mobile (NASDAQ:GLUU) is one of today's best performing low-priced stocks, up 6.6% to $3.37 on 1.0x average daily volume. Thus far today, Glu Mobile has traded 4.9 million shares, vs. average volume of 4.7 million shares per day. The stock has outperformed the Dow (6.6% to the Dow's -0.6%) and outperformed the S&P 500 (6.6% to the S&P's -0.7%) during today's trading.


Based on a current price of $3.37, Glu Mobile is currently 12.0% above its average consensus analyst price target of $2.97. The stock should hit resistance at its 200-day moving average (MA) of $3.64, as well as support at its 50-day MA of $2.45.

Over the past year, Glu Mobile has traded in a range of $1.80 to $6.10 and is now at $3.37, 87% above that low. The 200-day and 50-day moving averages have moved 0.51% lower and 2.25% higher over the past week, respectively.

Glu Mobile Inc. develops and publishes mobile games on a global basis. The Company develops its games and related applications based on third-party licensed brands and other intellectual property, as well as on its own brands and intellectual property.

SmarTrend is monitoring the recent change of momentum in Glu Mobile. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Glu Mobile in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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