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After Yesterday's Rally of 3.18% Shares Could Potentially Pullback

By Amy Schwartz

Glu Mobile Inc (NASDAQ:GLUU) traded in a range yesterday that spanned from a low of $9.48 to a high of $9.58. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $9.32 on volume of 902,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Glu Mobile Inc share prices have been bracketed by a low of $3.58 and a high of $10.41 and are now at $9.57, 167% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Glu Mobile Inc on October 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.96. Since that recommendation, shares of Glu Mobile Inc have risen 33.3%. We continue to monitor GLUU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders glu mobile inc

Ticker(s): GLUU