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C = Catalyst for a Stock’s Movement
Facebook is a popular worldwide social networking company. The company creates tools and methods for users to connect and engage with each other through the use of their platform on a wide variety of mediums. Facebook is a pioneer and a leader in the social arena and, as the world becomes increasingly more interested in becoming interconnected, they are well positioned to capitalize on this trend.
T = Technicals on the Stock Chart are Mixed
Since its widely sought out IPO in 2012, Facebook has seen quite a bit of volatility. Has this volatility subsided, and is this company finally investable? Let’s take a look at the stock’s price action. First of all, Facebook saw big selling at the IPO price and has yet to hit those levels once again. The stock looks to have found a value range in the $17-$23 per share area and has uptrended higher since then but is pulling back from this year’s highs of about $32 per share. The next significant level of support for Facebook stock seems to be in the $23-$25 range. So, the stock may need a little more time.
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