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Facebook (FB) closed above the 10 day moving average for the second day in row after bouncing near $55 again last week. At this point, you want to continue to buy the big dips and sell into the rallies. Facebook (FB) will have support between $54-$55 with resistance between $62-$63. A close above $64 will be bullish and the stock can probably rally up to $65-$67. With a $155 billion market cap, there is only limited room to the upside because of the size of this company. If you are looking to buy large cap tech, buy Google (GOOG) or if you want high growth tech, buy TWTR.
Also see - Top Stocks 2014 - Top Stock Gainers 2014
