Glu Mobile

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Glu Mobile ( GLUU) designs, markets and sells mobile games. This stock is trading up 6.8% to $5.42 in recent trading.

Today's Range: $5.07-$5.49

52-Week Range: $1.80-$6.10

Volume: 2.7 million

Three-Month Average Volume: 2.69 million

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From a technical perspective, GLUU is ripping higher here with strong volume. This move has now pushed shares of GLUU into breakout territory, since the stock has taken out some past overhead resistance at $5.18. What's bullish about this breakout is that the volume today is already surpassing its three-month average action of 2.7 million shares.

Traders should continue to look for long-biased trades as long as GLUU is trending above $5.18 with strong upside volume flows. I would consider any upside volume day that hits near or above 2,691,100 shares as bullish. If we continue to see that action, then GLUU has a great chance of re-test and possibly taking out its next major overhead resistance level at $6.10. That $6.10 level is the 2011 high for GLUU.

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