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Social media names have seen lots of action over the last few weeks.

LinkedIn (LNKD) continues to be a rockstar, extending impressively to new all-time highs on Friday after earnings. Following another blockbuster report from the social networking company, the stock finished Friday up around 22% on the day. I played this with a call spread into earnings, and gave that back on Friday. I will continue to watch it as a trading vehicle this week.

Facebook (FB) has felt heavy since the gap down on February 4, and is struggling to hold major moving averages. There are more compelling stocks out there right now.

Zynga (ZNGA) has been battered and bruised over the past year but finally woke up and gave investors a nice three-day move. Zynga was up 11% on Friday. The stock has cleared some key resistance levels on its way up, and could be on the radar for some follow-through.

Groupon (GRPN) is another beaten-up stock but it also has a nice intermediate uptrend since November. The stock has made its methodical move back to the upside and it is now reaching some pivotal resistance level of $5.50.

Yelp! (YELP) also has an uptrend support in place since November. Yelp has reclaimed all key moving averages recently and also has some more room to bounce.

There are a few other names in various sectors that we are paying attention to.

Goldman Sachs (GS) and JP Morgan (JPM) have been the strongest banks, but Bank of America (BAC) has woken back up after holding higher levels of support. It's now taking a break and consolidating above the eight-day. A break above the $12 pivot could add some power to its recent rally.

MGM Resorts (MGM), and all of the casino stocks, ignited higher on Friday on positive news on the Las Vegas Strip reported a 13% increase in gaming revenue during December and a potential ten-year trial period of online gambling in Atlantic City. MGM gained more than 4% and broke above recent intermediate resistance of $13.15.

VMware (VMW) broke out of its small wedging pattern at lows and looks poised to enter the big bearish gap. The stock still has a lot to prove but its actions in the last few sessions are telling us that the stock is trying to fill the gap. It could be a choppy road but the sentiment is more bullish then bearish right now, in my opinion.

3-D Systems (DDD) is the biggest name in the 3-D printing sector and has been very much in play this year. The very successful IPO from the latest 3-D printing company, ExOne (XONE), should keep the sector in play. DDD is stalling in front of its recent resistance of $67.60 but a break and close above this could put it back in motion.

By Scott Redler, Chief Strategic Officer, T3 Trading Group