Stock Scan for the Day: GLUU

Published on Mar 02, 2010 in Blog Leave a comment Share this article

I was doing my scans this morning and came across GLU Mobile, Inc. (GLUU).

Simple company to understand:  Glu Mobile Inc. designs, markets, and sells games for mobile phones worldwide.

Here is a few places for your DD:  Yahoo! Finance and company site

The Chart

** Indicators are turning positive finally
** MACD bearish momentum is finally slowing and could reverse
** Volume has slowed and selling pressure appears to be easing
** Stochastics are oversold.  If MACD continues to strengthen, a bounce could be possible

    Do your own DD, but I like this chart for future gains.  Co. outlook has gotten it hammered, but the company is still bullish on its prospects.

    Jeffrey Dean

    Editor

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