14Jun2:10 pmEST

By the Way, That's Not Mom and Pop Buying Zynga

Much like Pandora, Zynga seems to get no respect from traders even on up-days and even, as the daily chart illustrates below, the technicals are improving as a whole. 

ZNGA has been hot since the first day of May, with surging buy volume to support the move. Despite being a low-priced stock, there were multiple sessions where more than 25 millions shares changed hands on up-days which smacks of something beyond a retail investor-related rally. 

In other words, with Netflix getting into "Minecraft," we have see several of these online game plays like GLUU rally. 

But ZNGA still gets basically no respect, and if the name can hold over $4.40 going forward I am stalking a long after this recent, mild pullback to its 20-day moving average. 

An Interesting Location for ... Nothing Says Bull Market Lik...

 
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