10 Best Defensive Stocks To Invest In Right Now

10 Best Defensive Stocks To Invest In Right Now: Glu Mobile Inc.(GLUU)

Glu Mobile Inc. designs, markets, and sells mobile games worldwide. It develops original games based on its intellectual property comprising Big Time Gangsta?, Blood & Glory, Bug Village, Contract Killer, Contract Killer: Zombies, Eternity Warriors, Frontline Commando, Gun Bros, Men vs. Machines, Stardom: The A-List, Super K.O. Boxing and Toyshop Adventures. The company also develops games based on licensed intellectual property consisting of Build-a-lot, Call of Duty, Deer Hunter, DJ Hero, Guitar Hero, Family Feud, Family Guy, Lord of the Rings, Paperboy, The Price Is Right, Transformers, Who Wants to Be a Millionaire?, and World Series of Poker. It offers a portfolio of action/adventure and casual games to smartphones and tablet devices users through direct-to-consumer digital storefronts, as well as to feature phone users served by wireless carriers and other distributors. The company was formerly known as Sorrent, Inc. and changed its name to Glu Mobile Inc. in May 20 05. Glu Mobile Inc. was incorporated in 2001 and is headquartered in San Francisco, California.

Advisors' Opinion:

• [By Roberto Pedone]

   

  One under-$10 multimedia and graphics software player that's starting to trend within range of triggering a big breakout trade is Glu Mobile (GLUU), which develops and publishes a portfolio of action/adventure and casual games for the smartphones and tablet devices users. This stock has been in play with the bulls over the last three months, with shares up sharply by 34%.

  If you take a glance at the chart for Glu Mobile, you'll see that this stock has been trending sideways and consolidating for the last month and change, with shares moving between $4.79 on the downside and $5.65 on the upside. During that sideways trend, shares of GLUU have now started to form higher lows, which demonstrates that buyers are paying up to own shares of GLUU each time it pulls back. ! This stock is now starting to trend within range of triggering a big breakout trade above the upper-end of its recent sideways trading chart pattern.

  Traders should now look for long-biased trades in GLUU if it manages to break out above some near-term overhead resistance levels at $5.35 to $5.53 a share and then above $5.65 to its 50-day moving average of $5.68 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 8.74 million shares. If that breakout develops soon, then GLUU will set up to re-test or possibly take out its next major overhead resistance level just above $6 a share. Any high-volume move above $6.25 will then give GLUU a chance to re-fill its previous gap-down-day zone from July that started at $7 a share.

  Traders can look to buy GLUU off weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $4.88 to $4.79 a share or near its 200-day moving average of $4.61 a share. One can also buy GLUU off strength once it starts to take out those breakout levels with volume and then simply use a stop that

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-defensive-stocks-to-invest-in-right-now-3.html