NEW YORK, NY / ACCESSWIRE / December 12, 2017 / Despite the recent bombing in New York City, U.S. markets rose higher Monday on the strength of technology and energy shares. Monday also marked the first day of Bitcoin futures trading on the Cboe Futures Exchange, which spiked 19.9 percent to close at $18,545. The Dow Jones Industrial Average gained 0.23 percent to close at 24,386.03, while the S&P 500 Index increased 0.32 percent to close at 2,659.99. The tech-heavy Nasdaq Composite Index jumped 0.51 percent to close at 6,875.08.
"This market has dealt with fires in Napa, two hurricanes, and now this attack, and we just keep rolling along. I think markets will take this right in step and that the rally will stay on its trajectory," said Kevin Miller, the chief executive officer of Systelligence LLC, who oversees the E-Valuator Risk Managed Strategy mutual funds, according to MarketWatch.
"Normally you would expect a huge pullback in an environment like this, but there are a lot of reasons this rally is sustainable, and if the tax bill gets passed, the market will continue to go higher."
RDI Initiates Coverage on:
Glu Mobile Inc.
Glu Mobile Inc.'s stock jumped 12.50% Monday, to close the day at $4.68. The stock recorded a trading volume of 4,658,966 shares, which was above its three months average volume of 3,999,107 shares. In the last year, Glu Mobile Inc.'s shares have traded in a range of 1.85 - 4.73. The share price has gained 152.97% from its 52-week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.03 is greater than its 200-day moving average of $3.35. Shares of Glu Mobile have gained roughly 20 percent in the past month and are up 141.24 percent year-to-date.
Access RDI's Glu Mobile Inc. Research Report at:
On Monday, shares in Zynga Inc. recorded a trading volume of 8,452,457 shares, which was below the three months average volume of 9,853,375 shares. The stock ended the day 3.97% higher at 3.93. The share price has gained 63.75% from its 52-week low with a 52-week trading range of 2.40 - 4.34.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $3.90 is greater than its 200-day moving average of $3.74. Shares of Zynga have gained roughly 1.03 percent in the past month and are up 52.92 percent year-to-date.
Access RDI's Zynga Inc. Research Report at:
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