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Shares of Glu Mobile Inc Rise Above Previous 52-Week High

By Amy Schwartz

Glu Mobile Inc (NASDAQ:GLUU) traded at a new 52-week high today of $6.34. Approximately 556,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

In the past 52 weeks, Glu Mobile Inc share prices have been bracketed by a low of $1.73 and a high of $6.34 and are now at $6.33, 266% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.7%.

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.

Based on a current price of $6.33, Glu Mobile Inc is currently 5.1% above its average consensus analyst price target of $6.00. Glu Mobile Inc shares have support at the 50-day moving average (MA) of $4.96 and additional support at the 200-day MA of $4.12.

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 54.8%. 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