Wednesday, April 23, 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

[[T_F]]Data Leak Prevention – Data Security Solutions – Information Theft Protection, Detection and Prevention Software Productstracefusion_signature=cf343018fe99bbd30285ffba7d0050c60e17152cb3799c826b501e562032f29608ac83c48dfbb35cbc7efa2de30789c3b888dad13f0ab7e86b11bbeb0a0128a101795d72aad2b25d30ce9b69cf3f43eefc4fb0e926d7466c23bb9181906e6acd07bdc2549516ccd9ff6a252a923847349541d9fe464267caef26c8787e443f331d2b01d7c26c48a8cd07b9ee2b182978e4d5336d41f472166238841601fa92ef90aab79dd821349cfe41030f4890e149e7595ee2618cbfc9936b814ff8ac5ff7d16af26b56a5483445af39363f597fded14f4878efd8367587d56b94e4877e37d31cbd22c45653d051439a07bce68d771d5dc8f02ef3e8f63fec4754153ad304afc3f0d4e25c3676c20f7785160a378dceb52cafeddcb6f61c78302cdd28bebf43f748501de279967bc17112b3ea90557091e3dbb40b345d39956a8699fa1e3acb081ebb5f0664172ea2ab575f3ecf1e38872e023e832ddbb0b619055be9e855c0bb45b97771a88d0477174ac2add21f0936b0009b3d7fcc349c58aa95400cfb795da78595763d0ecb602a45b201e619e0c501c334c200b90e776443ef28ddcdafa4305386f1ded78709a77fa23e1407b0d43465dd81c28e833cbe2a07dd845b7ca76331d781cd5596574d9600cfab6f9c909912d854c16f8409061973fefd8e23ca319d25d072b3ab96f5bbf952f5bbf8bc[[T_F]]


| More

Related Articles

Leave a Reply

Back to Top

Social Media Profiles



The New York Times logo CNN logo ABC logo CNBC logo