Following Trading Action on This Stock: Glu Mobile Inc. (NASDAQ:GLUU): Fibonacci Pivot at 7.001933

Investors hope that they won’t have to deal with stock picks that don’t pan out, but this happens quite often in the stock market. At some point, the investor may have to make the tough decision to sell a stock that previously had a lot of upward potential. Holding onto an underperforming stock can sometimes hurt the portfolio. Investors may be hesitant to let go of the stock long after it should have been sold. Tracking the underlying fundamentals can assist the investor with figuring out the proper time to buy or sell a particular stock. Mastering this aspect of investing may come with experience, but it may be highly beneficial for the long-term success of the portfolio.

Traders often use pivot point indicators when conducting technical stock analysis. Pivot points are commonly used to help identify trends of various time periods. Let’s check on some different one month pivot points on shares of Glu Mobile Inc. (NASDAQ:GLUU):

Camarilla: 7.001933
Classic: 7.001933
Classic resistance 1: 7.5480666
Classic support 1: 6.2238665
Fibonacci: 7.001933
Fibonacci support 1: 6.496089
Fibonacci support 2: 6.1835775
Woodie: 6.98395
Woodie support 1: 6.1879
Woodie resistance 1: 7.5121

Investors tracking shares of Glu Mobile Inc. (NASDAQ:GLUU) will note that the stock has seen a change of -0.80213904% since the open. Shares recently finished the previous session at 7.42. The one month high for the stock is currently standing at 8.42. The firm currently has a market capitalization of 1048567940.

Switching the focus to the Awesome Oscillator, we see that the present reading is -0.022433823. Traders may be watching this oscillator to help identify a change in momentum. The AO can be a useful tool when trying to understand certain price movements.

Traders may be keeping a close eye on shares of Glu Mobile Inc. (NASDAQ:GLUU). Looking at past price performance may help them gauge how the stock will react in the future. Keeping in mind the most recent close price of 7.42, we note that the stock has seen a move of 9.453471 over the previous week. Looking back out over the last month, the stock has moved 5.106383. Over the past three months, the stock has seen a change of -3.7662337. Investors may want to go back even further to see what has transpired over a longer period of time. Since the start of the calendar year, shares have changed 103.57143. Going back a full 52 weeks, the stock has seen a change of 84.78803 over that period of time.

Technical stock analysts are always using every possible piece of information to help make the best possible trades. A popular flexible indicator is the Ichimoku Cloud. This indicator can help portray the momentum and trend direction of a stock. Ichimoku signals can help the trader find possible entry and exit points. Checking on some recent indicator levels, we note that the Ichimoku Could Conversion Line level is 7.06, and the Ichimoku Cloud Base Line level is 7.1663. Tracking some variations, the Ichimoku Lead 1 is presently 7.4475, and the Lead 2 level is 7.015.

Investors may be interested in the current Bull Bear Power reading for Glu Mobile Inc. (NASDAQ:GLUU) which is currently at 0.5468082. Investors may also be looking at some historical volatility numbers. Volatility for the month is presently 6.1277523. Looking back for the previous week, volatility is 4.685484.

Traders may be looking at some EMA levels on company shares. The exponential moving average can be very useful when applied correctly. They tend to work well when markets are trending. Here’s a look at some popular EMA levels:

50 day EMA: 7.11506
100 day EMA: 7.009304
200 day EMA: 6.7183237
10 day EMA: 7.217054
20 day EMA: 7.172349
30 day EMA: 7.1610446

Inexperienced investors may have the tendency to purchase stocks that have recently been on a big run higher. This may be a result of not paying close attention to the fundamentals, or simply hoping that the stock will continue the move higher. Buying after a big move to the upside may mean that the investor is essentially paying too much for the stock at those levels. Sometimes a stock will take off and get too far ahead of its underlying value which may result in the price being overvalued. Keeping a close eye on the fundamentals may be a good way for the investor to know where the stock stands at any point in time.