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Saturday, July 27, 2013

Facebook (FB) Stock Analysis 7/29/13 July 29, 2013

Facebook (FB) Stock Analysis 7/29/13 July 29, 2013 -

 
 

Facebook (FB) stock continues to explode higher after the company smashed earnings estimates last week.  Facebook (FB) popped 30% in one day but are now facing resistance around the $35 area.  If FB can close above $35, I think it will test $38-$40 in the coming months.  Pullbacks below $33 are a strong buy until further notice.

Facebook (FB) showed last week that they are killing it in mobile.  If this continues into next quarter, you will be looking at a $45 stock after October 2013 earnings.

Also see - Top Stocks 2013 - Top Stock Gainers 2013




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