Real Networks (RNWK) jumps on gaming spin off
Shares of RealNetworks (RNWK), which operates the Rhapsody online music service and provides the RealPlayer media player, scored a FusionIQ breakout after it said it intends to spin off its casual gaming business into a separate company and distribute the shares to RealNetworks stockholders. RealNetworks said it may hold an initial public offering and sale of some of the unit's stock before spinning it off.
 

Additionally on Thursday, RealNetworks reported first-quarter revenue above analysts' estimates and predicted second-quarter revenue above analysts' estimates. Though it only has a 58 FusionIQ score the point and figure target of $ 12.00 does offer good potential for those who may want to be early. Given the high volume gap and price surge we would suggest buying a pullback.





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