Osborne820
Long

Glu Mobile Perfect Storm Breakout

BATS:GLUU   GLU MOBILE INC
229 3 0
Very Strong buy on daily chart while in uptrend. GLUU             also put in a buy signal on the Weekly and is nearing the top of the cloud on the weekly chart.

Glu             has put up a strong buy 4 times in the last two years.

March 20, 2012 Stock went from 3.91 to 5.09 in 9 days.

Feb 6, 2012 Stock went from 3.84 to 4.68 in 3 days.

July 8, 2011 Stock went from 5.30-6.10 in 7 days.

May 25, 2011 Stock went from 4.01 to 5.75 in 6 days.

Average return was 27.5% within 9 days.

Cup and Handle Formation/Breakout.

Rally from $2.11 to $4.14.

Right Side of Cup should dip 50-75%.
Gluu's Dip was from $4.14 to $3.00 = 56% Check

Handle Retrace should be 1/2 the right side of the cup.
Glu             retraced from $3.84 to $3.40= 52% Check

Breakout should begin at the top of the top side of the upper handle trend line .
Upper Trend line is Approximately $3.54.
getting follow through on the breakout from yesterday...
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Breaking out today!
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Cup and Handle still in play... squeezing towards upper resistance of the handle.
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