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DAILY Wrap-Up & Commentary on Advancers & Profiled Picks: (NASDAQ: ZNGA), (NASDAQ: CSCO)


New York, NY -- (ReleaseWire) -- 01/07/2013 --Zynga Inc. (NASDAQ: ZNGA) shows bullish trend as the stock made a sharp movement in its latest trading session. It opened the session at $2.43 and remained in $2.42 and $2.69 price range during the session. The stock closed 9.13 percent higher at $2.63. Zynga’s first resistance level is at $3.25. Upon breaching this level, the stock may go as high as $5.00.

Zynga is a social media gaming company. It has various popular gaming titles such as Farmville in its portfolio. The company is based out of California and it was formed in 2007. It offers its gaming titles for various operating platforms including iOS and Android.

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Cisco Systems Inc. (NASDAQ: CSCO) traded in the range of $20.39 and $20.68 during its latest trading session. The stock had opened at $20.41 and closed at $20.48, up 0.16 percent from its previous close of $20.45. Cisco Systems recorded the volume of 36.091 million shares. Its average daily trading volume stands at 39.767 million shares. The stock is likely to remain neutral in short term time frame, it may turn bullish in medium time range as its MACD chart shows up trend. Cisco Systems may find its first support level at $19.86. The company is a technology outfit and it is headquartered in California.

Could this be the right moment to invest in CSCO? Find out here:

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