Facebook (FB) Stock is the 'Chart of the Day'
NEW YORK (TheStreet) -- Facebook (FB) - Get Report shares are declining 0.71% to $107.01 in Thursday's early afternoon trading session.
Earlier this week, Alphabet (GOOGL) said that the social networking company started to allow Google to crawl and index its mobile app, the Wall Street Journal reports. This means that results from Google searches on mobile devices will will show content from Facebook's app.
"When people search for public Facebook content on the mobile web, those who use Facebook for Android can now click through and go straight to the Facebook app," Facebook stated, according to the Journal.
Based in Menlo Park, CA, Facebook operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Facebook as the "Chart of the Day." Here's what they had to say about the company:
The recent pullback by Facebook is a classic morning star candle pattern (circled), a dip, a doji and then an up day. This is a powerful pattern that yields higher prices as it clears out short-term holders and delivers shares to strong holders (institutions).
Volume has been surging in November, with dips being bought at every turn. On Monday a dip to $100 was enough to attract a slew of buyers, and the stock is up 7% since. That is what I call buying power! The %R gave a nice dip buy spot, too. At this point, new highs are not out of the question.
Chris Versace and Bob Lang's "Chart of the Day: Facebook" was originally published on 11/19/15 on Trifecta Stocks.
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