See if Facebook Friends the 50-Day

Much like my earlier analysis of BlackBerry, Facebook is testing its rising 50-day moving average since last November. Unlike BlackBerry, Facebook bulls have yet to show aggression here, though. Nonetheless, earnings are out of the way and the major breakout the stock saw last autumn remains intact.

Thus, I am inclined to look for another swing entry here after selling out of my position above $30 in January.

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See if Facebook Friends the 50-Day

Much like my earlier analysis of BlackBerry, Facebook is testing its rising 50-day moving average since last November. Unlike BlackBerry, Facebook bulls have yet to show aggression here, though. Nonetheless, earnings are out of the way and the major breakout the stock saw last autumn remains intact.

Thus, I am inclined to look for another swing entry here after selling out of my position above $30 in January.

_____________________________

Comments are closed.