Follow @stockstobuy
Facebook (FB) stock hit $42 on Monday but then dropped back below $40 on Tuesday. Facebook (FB) is trading around $39.60 in pre market this morning and it's safe to say that the stock has formed a short term top. FB will have any major resistance at $42.05 as well as $45 going forward. Pullbacks below $38 are a strong buy for the next two months.
Facebook (FB) will continue to be volatile until the next earnings report. The company will have to beat earnings and raise guidance again to reach a new all time high.
Also see - Top Stocks 2014 - Top Stock Gainers 2013
