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.