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7 Stocks Under $10 Spiking Higher

Glu Mobile

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Glu Mobile (GLUU - Get Report) designs, markets and sells mobile games. This stock is trading up 13% to $4.79 in recent trading.

Today's Range: $4.23-$4.82

52-Week Range: $1.80-$6.10

Volume: 4.5 million

Three-Month Average Volume: 2.5 million

>>Top 5 Tech Stocks in a Down Market

From a technical perspective, GLUU is ripping higher here back above its 50-day moving average of $4.38 on monster volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once GLUU takes out some near-term overhead resistance at $5 to $5.18 with volume.

Traders should now look for long-biased trades off a sustained move or close above $5 to $5.18 that comes on volume near or above 2,543,000 shares. If we get that action soon, then look for GLUU to re-test its 2011 high of $6.10 at the minimum.
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STRI $0.44 0.00%
GLUU $3.21 -5.03%
HOV $1.82 -0.55%
HUSA $0.18 2.80%
IDIX $24.50 0.20%


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

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