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Facebook (FB) stock is on fire again in May 2013. The company recently reported earning that missed but guidance and mobile revenue were great. Jim Cramer even thinks Facebook (FB) was one of the best earnings reports so far. I think iRobot (IRBT) reported the best earnings so far. The company almost reported a 90% earnings beat and raised guidance by a mile. That is a story for another day. Back to Facebook (FB) stock analysis.
FB stock recently bounced near $25 which is near the 200 day moving average. The 10 day is now breaking above the 50 day which is a short term buy signal. Expect Facebook (FB) to rally back to $30-$32 in the next three months. Long term, if FB can close above $33.50, I believe the stock can test the IPO price of $40. FB stock is a strong buy in 2013/2014 below $26.
Also see - Top Stocks 2013 - Top Stock Gainers 2013
