Very Bullish Setup on Glu Mobile Ahead of ER on 2/5
ER on 2/5 will be best qtr ever. Zynga reported early and beat estimate and stock rose 25% as mobile gaming is still exploding across the world. Zynga's Acquisition of Mobile game maker Natural Motion to help expedite their move to mobile values Glu Mobile at around 10/share. Currently very undervalued because of a 20% short interest.. W bottom Formation Suggests a quick return to around $5.49 or R3. A breakout from there could lead to the $9-$10 fair value.
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