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Glu Mobile (GLUU) Near Intraday Highs Following Unconfirmed Chatter

June 14, 2012 3:48 PM EDT Send to a Friend
Glu Mobile Inc. (Nasdaq: GLUU) shares have stayed high following unconfirmed chatter it might be an M&A target.

Shares popped early and stayed strong for most of the session.

Really, it also looks like the stock got about the 50-day SMA at $4.44 early on, a potential technical level for the mobile game maker.

Movement on the stock is high today as well, with volatility up 19 percent from Wednesday's close.

Shares are up 5.2 percent to about $4.67 at last check, with volume outpacing the trailing three-month daily average of just under 3 million shares.

Traders might note the $4.70 level, which GLu Mobile butted up against today.




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