8 Stocks Rising on Huge Volume
Zynga
Zynga (ZNGA) is a social game developer with 232 million average monthly active users (MAUs) in 166 countries. The stock is trading up 3.5% at $15.00 in recent trading.
Today's Volume: 19.8 million
Average Volume: 13.1 million Volume % Change: 234% From a technical perspective, ZNGA has triggered a big breakout trade today once the stock took out some near-term overhead resistance at $14.55 with monster volume. At last check, ZNGA hit a high today of $15.91 but it has since pulled back of that high to around $15. Traders should continue to look for long biased trades in ZNGA as long as it's trending above $14.55. Any move below that level and I would avoid this stock from the long side for short-term trades. Zynga shows up on a recent list of 3 Tech Stock Leaders of 2012, as well as 4 Companies Riding Facebook's Wave. Follow @stockpickrSelect the service that is right for you!
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