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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Zinga - ZNGA - Barchart Chart Of The DAy 0 comments
    Feb 11, 2013 6:22 PM | about stocks: ZNGA

    The "Chart of the Day" is Zinga (NASDAQ:ZNGA). The stock appears on Barchart'sNew High list and has gained 30% since the Trend Spotter signaled a buy on 1/28. ZNGA is the world's largest social game developer with users playing their games which include CityVille, FarmVille, FrontierVille, Words With Friends, Mafia Wars, Zynga Poker, Cafe World, and Treasure Isle. Zynga Inc. games are available on a number of global platforms including Facebook, MySpace, Yahoo, the iPad, the iPhone and Android devices.

    Although the company has yet to show a profit, analysts think that a revised business plan of terminating some under performing games and a revenue stream less dependent on Facebook may bear fruit in a few years. They predict investors could see a total annual rate of return in the 25% range over the next 5 years if conditions are right.

    (click to enlarge)

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    Barchart technical indicators:

    • 100% Barchart technical buy signals
    • Trend Spotter buy signal
    • Above its 20, 50 and 100 day moving averages
    • 6 new highs and up 41.70% in the last month
    • Relative Strength Index 77.13%
    • Barchart computes a technical support level at 3.74
    • Recently traded at 3.67 with a 50 day moving average of 2.56


    Fundamental factors:

     

    • Market Cap - $2.79 billion
    • Very activlely traded
    • Analysts released 2 strong buy, 1 buy, 14 hold and a single strong sell recommendation
    • Earnings are estimated to increase annually by 12.60% over the next 5 years
    • Analysts predict investors could see an annual total return in the 25% range over the next 5 years
    • Financial strength C++
    Stocks: ZNGA
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