Facebook (FB) – Bullish DailyPlay for Tuesday July 10th, 2018
The bullish DailyPlay we chose for Tuesday, July 10th is Facebook (FB). FB is part of the Technology Sector (XLK). Over the last month, XLK has experienced a 0.21% move lower but its 1m/6m trend has turned bullish yesterday while breaking above its $70 resistance level which now becomes support.
Facebook’s 1m and 6m trends turned bullish on 7/5 and recently bounced higher off its $190 support level. With a technical score of 8 (out of 10), FB is a strong bullish stock that will likely continue higher.
As a stop loss, if FB was to trade below $200 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Join us @ Wealth365 Summit: Over $100k in Giveaways! July 20th @ 12 PM EST