Thursday, August 28, 2014

Facebook Inc: This Trade Setup Works

Facebook Inc (NASDAQ:FB) is bouncing significantly today. The stock is soaring, trading at $49.39, +2.62 (5.60%). This is coming after a massive drop that saw the stock fall from all time highs of $51.60 to $45.26. This snap back rally is coming after investors who missed the Facebook run-up, are now buying in a frenzy. This is what is known as a snap-back rally. It happens on the biggest runners on the first major pull back.

While average investors are flooding into the stock, smart money is eyeing it as a classic shorting opportunity. The key is to look for the retrace and pull the trigger on the short. Anytime a stock  dumps out on major volume from an all time high you will get this type of snap-back. The key is to know the level to short. On Facebook, the price a break of $50.00. If this level gets breached tomorrow, a high reward short is available.

Gareth Soloway
InTheMoneyStocks.com



[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=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[[T_F]]

Tags:



| More

Related Articles

Leave a Reply

Back to Top

Social Media Profiles

ADVERTISEMENT

BUSINESS NETWORKS

The New York Times logo CNN logo ABC logo CNBC logo