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
