Social Media & Advertisement Sector on the Move: (NASDAQ:FB), (NASDAQ:ZNGA)

New York, NY -- (ReleaseWire) -- 02/05/2013 --Facebook Inc. (NASDAQ: FB) traded in the range of $28.22 and $28.78 during its latest trading session. The stock had opened at $28.27 and is at $28.66, up 1.94 percent from its previous close of $28.11, with 31.045 million shares volume. Facebook’s MACD chart shows bullish trend. The stock may go as high as $29.55 level in the coming trading sessions. Upon breaching this level, the stock may touch $32.32 level. Facebook’s first support level is at $28.11.

The company commands market capitalization of $68.34 billion. Facebook deals in social media and offers various services including advertisement.

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Zynga Inc. (NASDAQ:ZNGA) is showing bullish trend as it traded in the range of $2.66 and $2.75 during its latest trading session. The stock had opened at $2.75 and is at $2.73, up 6.64 percent from its previous close of $2.56. Zynga recorded the volume of 31.043 million shares, substantially higher than its average daily trading volume of 18.802 million shares. In coming trading sessions, the stock may go as high as $2.90.

Zynga develops and markets social games. The company has various popular game titles like Farmville and Mafia Wars in its portfolio.

Find out more on ZNGA by getting the free full report here:

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