Friday, November 28, 2014

Facebook Top: Where To Finally Short The Stock

Facebook Inc (NASDAQ:FB) has surged 50% since it reported earnings just two weeks ago. It was trading at $26.50 prior to earnings and hit a high today of $39.32. The stock is currently trading at $39.06, +1.01 (2.65%) on the day. Facebook has taken out the IPO price of $38.00 and many are wondering where it is headed next. The answer, based off the chart is simple. The all-time high of $42.00 is the short level for this high flier. This will also give the company an approximate market cap of $100 billion Dollars. This will be a huge resistance point. A pull back would be expected back to the $38.00 which would be an approximate 10% profit.

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: 2012-10-09
Twitter Digest: 2012-10-10
Off the Social Networking Grid
Twitter Digest: 2012-08-17
Read more on Facebook at Wikinvest


| More

Random Posts

1 Response for “Facebook Top: Where To Finally Short The Stock”

  1. My brother suggested I might like this web site. He was once totally right. This submit truly made my day. You cann’t consider just how much time I had spent for this info! Thanks!

Leave a Reply

Back to Top

Social Media Profiles

ADVERTISEMENT

BUSINESS NETWORKS

The New York Times logo CNN logo ABC logo CNBC logo