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Glu Mobile Inc: The Winning Streak Continues (GLUU)

By David Diaz

Shares of Glu Mobile Inc (NASDAQ:GLUU) traded today at $6.88, breaking its 52-week high. So far today approximately 1.2 million shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.

Glu Mobile Inc (NASDAQ:GLUU) defies analysts with a current price ($6.80) 11.7% above its average consensus price target of $6.00. The stock should discover initial support at its 50-day moving average (MA) of $6.19 and subsequent support at its 200-day MA of $4.67.

Glu Mobile Inc share prices have moved between a 52-week high of $6.88 and a 52-week low of $1.73 and are now trading 293% above that low price at $6.80 per share. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 0.9%.

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

Keywords: 52 week high/lows glu mobile inc

Ticker(s): GLUU