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[Costa]

Zynga Inc (NASDAQ:ZNGA) closed Friday's trading session with a 10% gain and near the High of Day (HOD), which is a sign of a bullish continuation pattern. The stock broke out of a descending channel and looks to resume the trend higher. Specifically, there are some indicators suggesting it could rise to $3 in the coming week. Technically speaking, the strong Bullish Candlestick formation on Friday confirms that buying pressure came into the stock, since share prices advanced from open to close. In addition, MACD gave a new bullish cross. Stay tuned.