Facebook, Inc. (NASDAQ:FB) grappling with another privacy controversy
Facebook Inc is grappling with another privacy controversy in the wake of revelations that fitness and health apps have been transmitting data about users’ weight, menstrual cycles and other sensitive information to the social media company.
Apps including “Flo Health Inc.’s Flo Period & Ovulation Tracker and Azumio Inc.’s Instant Heart Rate: HR Monitor,” have taken steps to sever the transmission of sensitive information to Facebook, according to The Wall Street Journal, which first reported the practice in a story on Friday.
Investors so far are taking the latest Facebook privacy scandal in stride. The social media giant’s stock was up 1.4% on Monday to $164.17.
Facebook stock has rallied over the past month after hitting $144.19 on Jan. 29.
The news comes even as Facebook attempts to rebuild trust after the company was hit with fines for allowing now-shuttered political data gathering firm Cambridge Analytica access to users’ data, as well as issues involving the sharing of users’ data with companies.
A Facebook spokesperson told the Journal the data transmission appears to have violated the company’s business terms and that the company has told the apps identified in the story to stop sending sensitive information.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 155.85.
The projected upper bound is: 177.35.
The projected lower bound is: 152.80.
The projected closing price is: 165.07.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 30 white candles and 20 black candles for a net of 10 white candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 46.1181. This is not an overbought or oversold reading. The last signal was a buy 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.56. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 11 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -12. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.
Rex Takasugi – TD Profile
FACEBOOK INC A closed up 2.730 at 164.620. Volume was 24% below average (neutral) and Bollinger Bands were 17% wider than normal.
Open High Low Close Volume___
163.070 166.070 162.900 164.620 18,737,106
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 163.27 149.26 166.48
Volatility: 18 54 49
Volume: 14,788,765 23,994,656 24,249,112
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FACEBOOK INC A gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
FACEBOOK INC A is currently 1.1% below its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of FB.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on FB.O and have had this outlook for the last 33 periods.