Zynga Inc (ZNGA)

[Trevor11]

ZNGA: AN UPGRADE FROM THESTREET... BUYERS ARE BEING AGGRESSIVE, BUYING MORE...






A RISING OBV LINE TELLS ME THAT BUYERS OF ZNGA ARE BEING AGGRESSIVE BY BUYING MORE SHARES ON DAYS WHEN ZNGA HAS CLOSED HIGHER.


... WE CAN SEE A BIG PERCENTAGE RALLY THIS YEAR.


IT IS TIME FOR ZNGA TO TURN THE CORNER WITH AN UPGRADE FROM THESTREET RATINGS...







IMPROVING CHART AND QUANT UPGRADE PROMPT FRESH LOOK AT ZYNGA
BY
BRUCE KAMICH
| JUL 28, 2016 | 12:55 PM EDT

STOCK QUOTES IN THIS ARTICLE:
ZNGA


ZYNGA (ZNGA) HAS BEEN STUCK IN A LONG, SIDEWAYS TRADING RANGE FOR MORE THAN THREE YEARS. But maybe IT IS TIME FOR ZNGA TO TURN THE CORNER WITH AN UPGRADE FROM THESTREET RATINGS QUANTITATIVE SERVICE AND AN IMPROVING CHART PICTURE THIS YEAR.



... WE CAN SEE A BIG PERCENTAGE RALLY THIS YEAR.[/color] Prices broke out over the resistance at $2.70 earlier this month.

PRICES ARE ABOVE THE RISING 50-DAY MOVING AVERAGE LINE AND THE RISING 200-DAY AVERAGE. THE ON-BALANCE-VOLUME (OBV) LINE HAS BEEN MOVING HIGHER with prices since its February low.

A RISING OBV LINE TELLS ME THAT BUYERS OF ZNGA ARE BEING AGGRESSIVE BY BUYING MORE SHARES ON DAYS WHEN ZNGA HAS CLOSED HIGHER. The Moving Average Convergence Divergence (MACD) oscillator is above the key zero line that separates bulls from bears.

...we can see the long sideways trend for ZNGA. PRICES HAVE WORKED THEIR WAY BACK ABOVE THE 40-WEEK MOVING AVERAGE LINE AND THE SLOPE OF THE 40-WEEK AVERAGE IS TURNING UP.
The OBV line on this weekly time frame has been moving higher for several months. The weekly MACD oscillator is also above the zero line like the daily chart.

STRATEGY -- CONSIDER PROBING THE LONG SIDE OF ZNGA ON A STRONG CLOSE ABOVE $3.00 ACCOMPANIED BY IMPRESSIVE VOLUME...



Source:

realmoney.thestreet.com/articles/07/28/2016/improving-chart-and-quant-upgrade-prompt-fresh-look-zynga