Monday, March 30, 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?)
Twitter Digest: 2012-10-10
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