Zynga Inc (ZNGA)

[Trevor11]

ZNGA: A,STRONG,STOCKS,CROSSING,ABOVE-RESISTANCE,IS,CALLED “BARBARIAN,AT,THE,GATE"




Watch Out: Barbarians At The Gate For Zynga (ZNGA)
Trade-Ideas LLC identified Zynga (ZNGA) AS A "BARBARIAN AT THE GATE" (STRONG STOCKS CROSSING ABOVE RESISTANCE WITH TODAY'S RANGE GREATER THAN 200%) CANDIDATE

THESTREET WIRE

May 16, 2016 11:19 AM EDT

Trade-Ideas LLC identified Zynga ( ZNGA) as a "barbarian at the gate" (STRONG STOCKS CROSSING ABOVE RESISTANCE with today's range greater than 200%) candidate. In addition to specific proprietary factors, TRADE-IDEAS IDENTIFIED ZYNGA AS SUCH A STOCK DUE TO THE FOLLOWING FACTORS:


• ZNGA HAS AN AVERAGE DOLLAR-VOLUME (AS MEASURED BY AVERAGE DAILY SHARE VOLUME MULTIPLIED BY SHARE PRICE) OF $22.0 MILLION.
• ZNGA HAS TRADED 7.1 MILLION SHARES TODAY.
• ZNGA TRADED IN A RANGE 234.7% OF THE NORMAL PRICE RANGE WITH A PRICE RANGE OF $0.19.
• ZNGA TRADED ABOVE ITS DAILY RESISTANCE LEVEL (QUALITY: 3 DAYS, MEANING THAT THE STOCK IS CROSSING A RESISTANCE LEVEL SET BY THE LAST 3 CALENDAR DAYS. THE RESISTANCE PRICE IS DEFINED BY THE PRICE - $0.01 AT THE TIME OF THE SIGNAL).


Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while DISPLAYING POSITIVE PRICE ACTION. In this case, THE STOCK CROSSED AN IMPORTANT INFLECTION POINT; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size...

Source:

https://www.thestreet.com/story/13572638/1/watch-out-barbarians-at-the-gate-for-zynga-znga.html