Zynga Inc (ZNGA)

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ZNGA: REACHES,52-WEEK,HIGH,TODAY,BY,BARCHART.COM.JUL,27,2016,OUTPERFORMED,THE,S&P500,&,UPTRENDING






DURING SUCH NOTABLE TECHNICAL SETUP, FUNDAMENTAL INVESTORS usually stay away and ARE CAREFUL SHORTING OR SELLING THE STOCK.




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

BY DFORD — JULY 27, 2016

The stock of ZYNGA INC (NASDAQ:ZNGA) HIT A NEW 52-WEEK HIGH AND HAS $4.02 TARGET OR 40.00% above today’s $2.87 share price. THE 7 MONTHS BULLISH CHART INDICATES LOW RISK FOR THE $2.55B COMPANY.

THE 1-YEAR HIGH WAS REPORTED ON JUL, 27 BY BARCHART.COM. If the $4.02 price target is reached, the company will be worth $1.02 BILLION 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. About 4.56M shares traded hands. ZYNGA INC (NASDAQ:ZNGA) HAS RISEN 9.09% SINCE DECEMBER 18, 2015 AND IS UPTRENDING. IT HAS OUTPERFORMED BY 0.93% THE S&P500.
Analysts await Zynga Inc (NASDAQ:ZNGA) to report earnings on August, 4. They expect $-0.03 EPS, up 25.00% or $0.01 from last year’s $-0.04 per share. After $-0.03 actual EPS reported by Zynga Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Out of 8 analysts covering Zynga (NASDAQ:ZNGA), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. ZYNGA HAS BEEN THE TOPIC OF 18 ANALYST REPORTS SINCE AUGUST 7, 2015 ACCORDING TO STOCKZINTELLIGENCE INC.

ACCORDING TO ZACKS INVESTMENT RESEARCH, “ZYNGA INC. IS THE WORLD’S LARGEST SOCIAL GAME DEVELOPER WITH USERS PLAYING THEIR GAMES WHICH INCLUDE CITYVILLE, FARMVILLE, FRONTIERVILLE, WORDS WITH FRIENDS, MAFIA WARS, ZYNGA POKER, CAFE WORLD, AND TREASURE ISLE. ZYNGA INC. GAMES ARE AVAILABLE ON A NUMBER OF GLOBAL PLATFORMS INCLUDING FACEBOOK, MYSPACE, YAHOO, THE IPAD, THE IPHONE AND ANDROID DEVICES.

They operate their games as live services, by which they mean that they continue to support and update games after launch and gather daily, metrics-based player feedback that enable them to continually enhance their games by adding new content and features. All of their games are free to play, and they generate revenue through the in-game sale of virtual goods and advertising.”…



Source:

presstelegraph.com/2016/07/27/is-zynga-inc-a-buy-the-stock-reaches-52-week-high-today/