Pre-Market Trading Commentary On: (NASDAQ: ONNN), (NASDAQ: FB)


New York, NY -- (ReleaseWire) -- 12/03/2012 --On Semiconductor Corp. (NASDAQ: ONNN) stock closed its latest trading session at $6.6150, down 2.00 percent from its previous close of $6.75. On Semiconductor stock opened the session at $6.69 and touched its highest price point at $6.75. Its lowest price point for the session stood at $6.54.

The stock is currently in the bullish mode and is likely to continue the trend as shown by its MACD chart. It is also trading above its long term moving average price of $6.26. However, the stock may go down to $6.54 level in coming trading sessions. The stock received initial Buy rating from MKM Partners.

Find out more about ONNN here:

Facebook (NASDAQ: FB) is showing bullish trend as it traded in the range of $26.76 and $28.00 during its latest trading session. The stock is buoyant on the news of its new contract with Zynga. Under new terms and conditions, Facebook now can develop its own games for the site.

Facebook had opened at $27.25 and closed at $28.00, up 2.49 percent from its previous close of $27.32. On the up side, the stock may go as high as $30.65 in the coming trading sessions. Upon breaching this level, the stock may test its next resistance at $32.43.

Find out how this new contract could benefit FB by reading the free trend analysis report here:">

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