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Thursday 12 December 2013

Buy FB @ 51.0- 2 wins

Previous Stocks/Trading signals to watch:
Facebook will be added to S&P 500 after the market closes on 20 December 2013, which is a vote of confidence as Facebook met S&P's requirements
Facebook’s market value has more than doubled this year to $123 billion

FB jumped from 49.38 to 51.35 but might be too high without strong supports
Possible support @ 50.0 or 51.0 but not confirmed yet, look to buy if it stays above & goes higher

Result: Buy FB @ 51.0- won
FB stayed around 51.0 for a while, dropped slightly below 51.0 but rebounded back up to 51.0, stayed above & went higher to expire @ 51.265 at 11am EST
It also dropped to 51.08 at 12:34pm EST but stayed above 51.0 & rebounded to go higher again, expiring @ 51.23 at 1pm EST


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