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» Allstocks.com's Bulletin Board » Hot Stocks Free for All ! » Breakout in play on GLUU on daily chart on increased volume. Analyst upgrade w/ $6 pr

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Author Topic: Breakout in play on GLUU on daily chart on increased volume. Analyst upgrade w/ $6 pr
Trader273933
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With earnings out of the way now this stock can trade off the charts and momentum from analyst upgrades with big upside target at $6.00 and $8 billion valuation. Will this stock get to these targets? Who knows, probably not, but it should be good for a breakout play to 4.50 tomorrow and the next day because this close above the breakout point on strong volume. The first breakout day usually gets some selling as scalpers take their profits but as long as the stock closes in the green and the top 50% of it's range, like GLUU did, it's a good sign that there will be continuation in a stock. It may consolidate a day or 2 before continuing or lot's of 9-5's will see the news and come home and place their orders as nobody wants to miss this move. Downside risk is $.30, short term upside potential $.50-.75. Good risk/reward. I will enter this stock long on the open with 5000 shares.


http://finance.yahoo.com/q/ud?s=GLUU

Posts: 35 | From: Florida | Registered: Jan 2011  |  IP: Logged | Report this post to a Moderator
   

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