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2013 is shaping up to be a stellar year for
Facebook(FB). Shares of the social network have rallied more than 21% since the first trading day of the new year. Even if shares are still far from their post-IPO open, this stock has made leaps and bounds from where it sat this summer. Facebook is getting extra trading attention today ahead of the firm's earnings call, where analysts expect the firm to report its first quarterly profit since going public.
With shares sitting right below resistance at $32.50, Facebook looks like a very possible breakout candidate if earnings don't disappoint Wall Street this afternoon. If you're looking for an opportunistic time to be a buyer in FB, I'd recommend waiting for a close above $32.50. That's a signal that buyers have been able to overcome the glut of supply of shares at that level.
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