Seeking Alpha

New 52-week highs for Glu Mobile following Cowen note, King filing

  • After trading near breakeven much of the day, Glu Mobile (GLUU +4.1%) is rallying in the wake of an upbeat Cowen note. The firm says talks with management left it optimistic Glu, which thus far has depended heavily on in-app purchases to monetize gains, will be able to ramp its in-game ad sales.
  • Also possibly helping: Candy Crush Saga developer King has filed a public F-1 for its much-anticipated IPO. King has reported 2013 gross bookings of $1.98B, and says 73% of its Q4 bookings came from mobile.
Comments (3)
  • pagreen1966
    , contributor
    Comments (571) | Send Message
     
    From a technical perspective we are reaching something very interesting.

     

    Looking at the 3 year chart of (GLUU) we can see that it has been trading in the range of $2 to $6. If it can break above the ceiling of $6 then it should move rapidly to $6 + ($6 - $2 =) $4 = $10.

     

    One of the strongest plays of this year that is for sure!
    18 Feb, 03:07 PM Reply Like
  • Sellinpanic
    , contributor
    Comments (578) | Send Message
     
    $10 is bare minimum for GLUU and Mark Gomez & PTTresearch has already announced that this will triple so sit back and enjoy the ride! Or even better GLUU can be acquired for a great premium. Long & Loaded with GLUU, anybody interested in doubling their investments even from these levels easily in 2014 better get in now, we have a sure winner.
    18 Feb, 03:22 PM Reply Like
  • dknow49
    , contributor
    Comments (2) | Send Message
     
    Awesome choice going in at $3.86 for GLUU, and my ZNGA is looking be on this growth too. Probably going to buy more next opening.
    18 Feb, 09:45 PM Reply Like
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