The bearish DailyPlay for Thursday, September 17th is Facebook Inc (FB). FB has experienced a 4.2% loss over the past month and its 1M trend turned bearish yesterday.
- Ad revenue expected to trail from 37% growth to 21% from COVID-19
- Security and content review expected to compress margins to below 35%
- Earnings Oct 28th in 41 days
Technical View – IV Rank 33%
- Broke below 20 D EMA and retested indicating more bearish momentum expected
- Bearish 1M trend and bullish 6M trend
- Credit spread collects 36% of the width