Nearest Support: $23.50
Catalyst: Analyst Upgrade >>3 Tech Stocks Under $10 to Watch Facebook ( FB) is seeing a pop on high volume today after an analyst upgrade at Jeffries sparked buying in the social networking stock this morning. Facebook has been a cautionary tale of late. Its IPO was fraught with missteps, and the scores of retail investors who bought the stock on its first day of trading continue to sit on hefty losses today. It's too early to tell is today's 6% jump can change that. Facebook's drop below support at $25 was significant -- it meant that the glut of buying pressure that's previously been down at that level got taken out by increasingly eager sellers. And while today's bounce is keeping FB off of the year-to-date lows set yesterday, we're still under newfound resistance at $25. I couldn't recommend buying unless Facebook can catch a bid above that level this week.
Nearest Support: $3.40
Catalyst: Negative Analyst Note, Market Share Loss >>5 Stocks Insiders Love Right Now Wall Street analysts are impacting another perennial high-volume name today: Nokia ( NOK). Nokia is off by 3% this afternoon after a negative note from RBC spurred sellers to pull the trigger on shares. Helping things along was news that the Finnish phone maker lost the leading market share in its home country to rival Samsung, a notable blow in a place where consumers have an added reason to buy Nokia handsets. While Nokia is in a downtrend right now, it's still got several support levels nearby to catch shares on the down-side -- the nearest is at $3.40. While I wouldn't recommend jumping into NOK right now, it's not a particularly compelling sell at this point either. Clearwire Nearest Resistance: $4.40
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.
Twitter and become a fan on Facebook.