Zynga Looks Strong, But Not The Time To Start Trading It
Zynga (ZNGA) while it has been moving nicely over the last week, trading higher for five straight days, I really nonetheless, don't see any smart trade worth making here.
With that said, at the $3.25 level this stock has a solid chance at stopping dead in its tracks as it would be filling the gap from 7/26 as well as running into som heavy, heavy resistance.
The easy money has been made at this point in ZNGA and if you were going to get long on this stock, it should have been before it ever crossed $3.
Here's my technical analysis on ZNGA: