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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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Marketocracy capital management
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  • GLU Mobile - Barchart's Chart Of The Day 0 comments
    Jul 21, 2014 4:42 PM | about stocks: GLUU

    The Chart of the Day belongs to GLU Mobile (NASDAQ:GLUU). I found the stock by sorting today's New High list for new highs frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/25 the stock gained 85.68%.

    GLUU is a global publisher of mobile games. Its portfolio of games includes original titles Super K.O. Boxing!, Stranded and Brain Genius, and titles based on major brands from partners including Atari, Activision, Konami, Harrah's, Hasbro, Warner Bros., Microsoft, PlayFirst, PopCap Games, SEGA and Sony.

    (click to enlarge)

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read.

    Barchart technical indicators:

    • 88% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 16 new highs and up 90.56% in the last month
    • Relative Strength Index 89.41%
    • Barchart computes a technical support level at 6.20
    • Recently traded at 7.8 with a 50 day moving average of 4.44

    Fundamental factors:


    • Market Cap $599.95 million
    • Revenue expected to grow 44.70% this year and another 18.10% next year
    • Earnings estimated to increase 150.00% this year and an additional 300.00% next year
    • Wall Street analysts issued 3 strong buy, 5 buy and 2 hold recommendations on the stock

    Fast moving so be sure to monitor the 50 and 100 day moving averages and exit at then 100 day moving average.

    Stocks: GLUU
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