Nearest Resistance: $3.80
Nearest Support: $3.40
Catalyst: Options Volume
Things are looking pretty rough in shares of Zynga (ZNGA) today. The online game maker is down more than 8% this afternoon on the heels of some unusual options volume. The move looks particularly painful this month because it's triggering a descending triangle pattern in shares.From here $3.40 looks like the next reasonable support level for shares, but buyers should be cognizant of the potential for earnings-induced volatility on Feb. 3.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts