ChristopherCarrollSmith

Zynga near support node

Long
NASDAQ:ZNGA   None
Zynga has a high-volume support node at 6.19 and could see a bounce from this level. I've got my stop loss at 6.15.

ZNGA has a 7.7/10 Thomson Reuters Starmine Equity Summary Score, which is a really good rating.
Comment:
ZNGA did get a nice bounce from 6.19 to 6.27 today, for a 1% gain. Beats the S&P 500. We've now got support at 6.25 from the 50 MA. I think there's a real possibility we hit 6.50 soon.
Comment:
ZNGA hit exactly 6.50 today.

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