Long
Nice Cup & Handle forming in $GLUU with $5.50 ST PT (10% upside)
Glu has formed a nice multi-month bottom after a strong sell off in OCT of 2012. Now headed back to top of cup at $5.50 before the handle retracement . Glu Mobile Just reported a record shattering qtr bering EPS consensus by 1,000%. There is a 20% short interest on the stock and acquisition target in hot mobile gaming sector and has much more room to run. PT this year is $9-10.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.