Glu Mobile

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Glu Mobile ( GLUU) designs, markets and sells mobile games. This stock is trading up 5% at $4.58 in recent trading.

Today's Range: $4.36-$4.67

52-Week Range: $1.80-$6.10

Volume: 1 million

Three-Month Average Volume: 2.4 million

From a technical perspective, GLUU is bouncing right near its 50-day moving average of $4.25 today on light volume. This move is pushing the stock within range of triggering a near-term breakout trade. That trade will hit once GLUU takes out some near-term overhead resistance at $4.68 with high volume.

Traders should now look for long biased traders if GLUU sustains a move and close over $4.68 with volume that's near or well above 2.4 million shares. If we get that action soon, look for GLUU to make a run and possibly take out its recent high of $5.18.

I also featured Glu Mobile recently in " 5 Stocks Setting Up to Break Out."

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