ZNGA posted as our Stock of the Week on Tuesday Evening (1.24.11) at $9.71

ZNGA is starting to get its legs back under it. It recently traded down to below $8.00 and after several days of a general uptrend, its shares have now spiked $0.59 to $9.71 on Monday, 1/24.

Investors are realizing the opportunity for growth that lay in front of ZNGA. It appears that Zynga and online gambling has a chance to really help the company grow and add shareholder value. That is if Zynga decides to open up the new frontier within their company. Read more on Zynga and Online Gambling.

ZNGA shares are far from overbought with an RSI of only around 55. We could see ZNGA shares run for the next few days.