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Stock to Watch: Glu Mobile Down 7.1% (GLUU)Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Glu Mobile (NASDAQ:GLUU) is one of today's worst performing low-priced stocks, down 7.1% to $2.41 on 1.7x average daily volume. Thus far today, Glu Mobile has traded 2.2 million shares, vs. average volume of 1.3 million shares per day. The stock has underperformed the Dow (-7.1% to the Dow's 0.9%) and underperformed the S&P 500 (-7.1% to the S&P's 0.9%) during today's trading. In the past 52 weeks, shares of Glu Mobile have traded between a low of $1.80 and a high of $6.10 and are now at $2.40, which is 34% above that low price. The 200-day and 50-day moving averages have moved 0.95% lower and 1.35% higher over the past week, respectively. Glu Mobile has overhead space with shares priced $2.40, or 37.8% below the average consensus analyst price target of $3.87. The stock should find initial resistance at its 50-day moving average (MA) of $2.47 and further resistance at its 200-day MA of $3.96. 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 tracking the current trend status for Glu Mobile and will alert subscribers who have GLUU in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |