Tuesday, January 27, 2015

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]]

More on this topic (What's this?) Read more on Facebook at Wikinvest

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