Nearest Support: $3.40
Catalyst: Negative Analyst Note, Market Share Loss
Nearest Support: $4.30
Catalyst: Acquisition Bid Increase >>5 Trading Setups With Upside This Week Clearwire ( CLWR) is rallying today, gapping up more than 24% after Dish Network ( DISH) raised its bid to $4.40 in order to one-up the rival offer from Sprint Nextel ( S). Nothing benefits shareholders like a bidding war, and the back and forth between Sprint and Dish is certainly proving lucrative for CLWR's owners. Still, headline risk is too high in this stock to find a high-probability trade here. If you haven't already bought shares before today, it's probably not worth the risk. Zynga Nearest Resistance: $3.60
Nearest Support: $3.20
Catalyst: FB Sympathy Move Last up today is Zynga ( ZNGA), a social gaming stock that's getting hefty trading volume as a sympathy mover tied to Facebook. Since Zynga has huge ties to Facebook's fortunes, the gaming company tends to ebb and flow with its larger partner. In a lot of ways, that makes Zynga sort of a high-beta version of FB. The big divergence of late has been the fact that ZNGA has sported much better relative strength. Looking at the technicals, Zynga has been consolidating for the better part of the last month. That tight sideways range gives us a way to trade ZNGA: A breakout above $3.60 resistance is a short-term buy signal, and a breakdown below $3.20 support is a sell indicator. Either way, I'd recommend looking for cues in FB as to where ZNGA ends up.