I think GLU will rise slowly , nothing sharp up or down. I see it $8.50- 9.50 by new year ,,I think isgreat to accumulate at this levels and expect 30% rise
3 Big Stocks Getting Big Attention -- and How to Trade Them
| 05/06/15 - 01:26 PM EDT
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Nearest Resistance: $6.80¿
Nearest Support: $6.20¿
Catalyst: Q1 Earnings
Brazilian beverage stock Ambev (ABEV - Get Report) is seeing a modest big-volume move higher this afternoon, spurred on by the firm's first-quarter earnings numbers. Ambev earned $2.97 billion reais for the quarter, outpacing analysts' expectations for the start of the year. Overall, sales rose 15% to 10.8 billion reais.
From a technical standpoint, Ambev has looked ugly lately. Shares have been forming a pretty textbook downtrend, bouncing their way lower all the way back to last summer. But today's earnings move is putting some distance between shares and that prior downtrend. Now looks like a pretty good time to be a buyer in ABEV.
tencent paid $6 ,,they invest in GLUU big time money ,,not 5 not 20 but 126 millions . They open the door of huge possibility's for Glu ...open the door for Asia