Zynga Inc (ZNGA)

[Trevor11]

ZNGA: REACHES,52,WEEK,HIGH,TODAY(JULY,07,2016)TIME,WHEN,BUYERS,COME,IN(OUTPERFORMED,S&P500)






IS ZYNGA INC A BUY? THE STOCK REACHES 52-WEEK HIGH TODAY



LEE ROGERS JUL 07, 2016



THE STOCK OF ZYNGA INC (NASDAQ:ZNGA) HIT A NEW 52-WEEK HIGH AND HAS $3.75 TARGET OR 36.00% ABOVE TODAY’S $2.76 SHARE PRICE. THE 7 MONTHS BULLISH CHART INDICATES LOW RISK FOR THE $2.50 BILLION COMPANY. The 1-year high was reported on Jul, 8 by Barchart.com.

IF THE $3.75 PRICE TARGET IS REACHED, THE COMPANY WILL BE WORTH $900.00 MILLION MORE. The 52-WEEK HIGH EVENT IS AN IMPORTANT MILESTONE FOR EVERY STOCK BECAUSE IT SHOWS VERY POSITIVE MOMENTUM AND IS TIME WHEN BUYERS COME IN.

During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.36% or $0.01 during the last trading session, hitting $2.76. About 34.89M SHARES TRADED HANDS OR 171.10% UP FROM THE AVERAGE. Zynga Inc (NASDAQ:ZNGA) has risen 6.59% since November 30, 2015 and is UPTRENDING. IT HAS OUTPERFORMED BY 5.66% THE S&P500…



Source:
http://presstelegraph.com/2016/07/07/is-zynga-inc-a-buy-the-stock-reaches-52-week-high-today/