Facebook Inc (NASDAQ:FB) Charts and Outlook
Facebook Inc (NASDAQ:FB) Charts and Outlook
FB reports this week, and the stock has been trading higher on rumors of better results in Mobile etc, but still at $300 times earnings this remains a high risk investment.
The equity has had the benefit of a huge amount of hype, but the fundamentals are not impressive.
Having said that, also note that FB has beaten estimates at the only 2 earnings reports, this quarter maybe the same, regardless I will remain short FB and look for another opportunity to short the stock should it rally on earnings.
Earnings and Dividend Figures in US Dollar (USD)
|Estimates vs Actual||Estimate||Actual||Surprise %|
|SALES (in millions)|
|Quarter Ending Sep-12||1,224.99||1,262.00||3.02|
|Quarter Ending Jun-12||1,146.09||1,184.00||3.31|
|Earnings (per share)|
|Quarter Ending Sep-12||0.11||0.12||9.19|
|Quarter Ending Jun-12||0.12||0.12||1.69|
Institutions have been buying the stock
|% Shares Owned:||37.54%|
|# of Holders:||598|
|Total Shares Held:||412,732,716|
|3 Mo. Net Change:||8,737,335|
|# New Positions:||41|
|# Closed Positions:||6|
|# Increased Positions:||80|
|# Reduced Positions:||27|
|# Net Buyers:||53|
Currently the MACD is bullish since it is trading above its signal line.The MACD crossed above its signal line 0 period(s) ago. Since the MACD crossed its moving average, FACEBOOK INC A’s price has been unchanged, and has ranged from a high of 31.930 to a low of 31.130.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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