Zynga (ZNGA) Shares Retake $8 Level, Now Up Nearly 1%

Following a nearly 5 percent decline on Tuesday (and a 12.9 percent decline since May 3rd), shares of Zynga (Nasdaq: ZNGA) briefly pushed above the $8 resistance level after breaking above the 50-day and 200-day SMA's. After trading down as much as 2.5 percent earlier this morning, the stock is now up nearly 0.9 percent.

The stock appears to be sticking closely to the technical level at $8.

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