Tuesday, November 27, 2012

ZNGA

Many of us are already long ZNGA and it has some nice charts that give us good reason to be. ZNGA is so far holding up pretty well today at +1.25%, I know it's closely related to FB and FB trades against the tide of the market (few stocks do), maybe that's true for ZNGA too, but just in case it does pullback with the market I'd maybe set some price alerts and put this one on the radar if you would like some long exposure in a stock that appears to be constructing a decent base that it should be able to rally nicely off.

Here's one of the key charts at the moment...
This is te daily X-Over Screen unlike INTC which was set to hourly as it is no where near a crossover on the daily. ZNGA has 2 of 3 signals positive and the 3rd in the middle window is headed that way.

Typically pullbacks on this screen go to the 10 day yellow or 22 day blue moving average, I'd set some price alerts in those areas.

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