Sunday, June 24, 2012

In the Zone

$FB - Facebook.Inc.

Facebook, Inc. operates as a social networking company worldwide. The company builds tools that enable users to connect, share, discover, and communicate with each other; enables developers to build social applications on Facebook or to integrate their Websites with Facebook; and offers products that enable advertisers and marketers to engage with its users.

As of February 2, 2012, it had 845 million monthly users and 443 million daily users. The company was founded in 2004 and is headquartered in Menlo Park, California.

Please keep (FB) Facebook.Inc. on your watch list for a breakout in price between $33.55 - $33.60 on heavier than average daily trading volume of 74.50 million.

As of the close of trading on Friday (FB) Facebook.Inc. ended the week trading at $33.05 +3.04 or +10.12% 0.83 +1.88 or +6.49% on heavier than average trading volume of 185.97 million. Since breakingout above the $27.80 pivot point the stock is currently up 18.88%.

Please note that this is not a buy recommendation please do your own due diligence or get help from a professional before trading.

By: Marlin Rolle
**** Please have a close look at the charts listed below ****

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