Sunday, May 29, 2016

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