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Glu Mobile Inc: The Winning Streak Continues (GLUU)

By Nick Russo

Glu Mobile Inc (NASDAQ:GLUU) traded today at a new 52-week high of $5.61. Approximately 144,000 shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.

There is potential upside of 7.5% for shares of Glu Mobile Inc based on a current price of $5.58 and an average consensus analyst price target of $6.00. The stock should discover initial support at its 200-day moving average (MA) of $3.53 and subsequent support at its 50-day MA of $2.98.

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.

In the past 52 weeks, shares of Glu Mobile Inc have traded between a low of $1.73 and a high of $5.61 and are now at $5.58, which is 223% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has declined 3.3%.

SmarTrend recommended that subscribers consider buying shares of Glu Mobile Inc on March 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.98. Since that recommendation, shares of Glu Mobile Inc have risen 40.2%. We continue to monitor GLUU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows glu mobile inc

Ticker(s): GLUU