Trading Watch: Following the Technicals on Shares of Glu Mobile Inc (GLUU)

Checking on the signals, we have seen that Span A is presently lower than Span B for shares of Glu Mobile Inc (GLUU). Traders may be watching closely as this signal may indicate a possible bearish move.

When the stock market is doing well, there may be plenty of winners in the portfolio. Figuring out when to sell a winner can be a tricky proposition. Many investors will be quick to take profits while others may want to hold out for further gains. Selling winners too early or holding on to winners too long may have a negative impact on the trading portfolio. Finding that balance between securing profits and holding out to take higher profits in the future can be very helpful for the active investor. 

Checking in on some other technical levels, the 14-day RSI is currently at 25.52, the 7-day stands at 19.80, and the 3-day is sitting at 13.26. Many investors look to the Relative Strength Index (RSI) reading of a particular stock to help identify overbought/oversold conditions. The RSI was developed by J. Welles Wilder in the late 1970’s. Wilder laid out the foundation for future technical analysts to further investigate the RSI and its relationship to underlying price movements. Since its inception, RSI has remained very popular with traders and investors. Other technical analysts have built upon the work of Wilder. The 14-day RSI is still a widely popular choice among technical stock analysts.

Investors have the ability to use technical indicators when completing stock research. At the time of writing, Glu Mobile Inc (GLUU) has a 14-day Commodity Channel Index (CCI) of -68.69. Developed by Donald Lambert, the CCI is a versatile tool that may be used to help spot an emerging trend or provide warning of extreme conditions. In terms of Moving Averages, the 7-day is resting at 4.72. Moving averages have the ability to be used as a powerful indicator for technical stock analysis.

Keeping an eye on Moving Averages, the 50-day is 6.74, the 200-day is at 8.44, and the 7-day is 4.72 for Glu Mobile Inc (GLUU). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.

The Williams %R is designed to provide a general sense of when the equity might have reached an extreme and be primed for a reversal. As a general observance, the more overbought or oversold the reading displays, the more likely a reversal may take place. The 14 day Williams %R for Glu Mobile Inc (GLUU) is noted at -95.93. Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20.

Currently, the 14-day ADX for Glu Mobile Inc (GLUU) is sitting at 42.13. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

Investors may be looking closely at current stock market levels as we move towards the closing stages of the year. Investors might be reviewing current holdings to see if there are any changes that need to be made. Even when things are going good with equities, it may be wise to regularly check the portfolio to make sure that everything is still balanced properly. Being prepared for various market conditions may be a great help to the investor when the winds of change eventually blow in.    

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