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Monday, April 23, 2012

ZNGA - Added To Long Position

I am not sure what ZNGA was bouncing off.  But after a whole day of consolidation, the volume came in after 3 pm.  I added on the break of intraday horizontal resistance at 8.77.   It did not break the gap resistance, nor did it make it back to tthe 200 week EMA at 9.27, but the sheer volume hinted this may have legs.

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