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Forum - Wall Street Pit (ZYNGA INC. - ZNGA)    Stock Due Diligence for All

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From: acinvestorblog (Rep: 767)Date: 11/25/2012 03:49
Forum: Wall Street Pit - Msg #2333413 - List ZNGA msgs Thread #673478114 (Rec: 0)
The trading week was very good for Zynga Inc (NASDAQ:ZNGA) compared to the situation of the stock 2 weeks ago. A new higher low was formed this week and a very good rally started on Wednesday which gave the stock a 12% boost in just two days. This move was accompanied by higher volume compared with the volume the previous week, but not sufficient enough to hold upward momentum today. Technical indicators on chart are showing us mixed signs. Bullish signs coming from Stochastics and MACD, while bearish signs coming from the RSI. At this point, the technical levels to watch for an entry point will be either $2.52 level or if the stock goes lower, $2.25 will be another attractive level to accumulate.

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