Zynga Inc (ZNGA)

[xlt leader]

Once it breaks through the $3.40 area it should take another run at the previous high. on the reversal ($3.75 -$3.80)...there is a lot of momentum here now. 12 million shares moved Zynga from $2.82 to $3.02 the other day. Today the shorts flashed a 2.1 million shares sell order @ $3.15 it was a fake offer as the shares were trading off the ask the mm removed it, then it went to $3.21 quickly. After hours Cramer said Zynga had bottomed... volume exploded....

Next week on Monday Zynga is at a Morgan Stanley conference after hours, Monday or Tuesday New Jersey should sign their gaming bill, possible upgrades also next week