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Can The Uptrend Continue for Glu Mobile (GLUU)?

Zacks Equity Research
Updated
Zacks.com featured highlights include: Twitter, Lockheed Martin, Intercontinental Exchange, CBRE and Keurig Dr Pepper

Investors certainly have to be happy with Glu Mobile Inc. GLUU and its short term performance. After all, the stock has jumped by 43.4% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for GLUU?

While we can never know for sure, it is pretty encouraging that estimates for GLUU have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks. You can see the complete list of today’s Zacks #1 Rank stocks here.

 

More Stock News: This Is Bigger than the iPhone!                  

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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Glu Mobile Inc. (GLUU) : Free Stock Analysis Report
 
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