Facebook Inc (FB) – Losing Likes – September 17th, 2020

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. 

Fundamental View

  • 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

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