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Glu Mobile Inc Rises 5.17% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Glu Mobile Inc (NASDAQ:GLUU) traded in a range yesterday that spanned from a low of $5.52 to a high of $5.74. Yesterday, the shares gained 5.2%, which took the trading range above the 3-day high of $5.60 on volume of 1.0 million 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 $4.11 and a high of $11.75 and are now at $5.70, 39% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Glu Mobile Inc and will alert subscribers who have GLUU in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders glu mobile inc

Ticker(s): GLUU