Zynga (ZNGA) Holds Above Key Level Amid Increased Volatility; Still Well Below 50-Day SMA
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Zynga Inc. (Nasdaq: ZNGA) is seeing higher activity Friday afternoon as shares holding above the $6.50 price level.
Market data has implied volatility up 1.5 percent from Thursday's close, though its still about 13 percent below its annual average.
Shares are down 3.2 percent after moving above the $6.60 level on stronger volume earlier. Notably, shares bounced and held above $6.50 following the Facebook IPO last Friday.
The stock is still well below it's 50-day SMA of $10.09.
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Market data has implied volatility up 1.5 percent from Thursday's close, though its still about 13 percent below its annual average.
Shares are down 3.2 percent after moving above the $6.60 level on stronger volume earlier. Notably, shares bounced and held above $6.50 following the Facebook IPO last Friday.
The stock is still well below it's 50-day SMA of $10.09.
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