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Nearest Resistance: $26

Nearest Support: N/A

Catalyst: Earnings Carryover

Facebook ( FB) is scraping against some new lows of its own today, down 5% after dropping more than 23% in the last week. The culprit? You guessed it: earnings.

>>5 Stocks Poised to Pop on Bullish Earnings

The firm's highly anticipated second quarter earnings release on July 26 didn't do much to quell concerns that the quintessential growth stock wasn't growing. In fact, it made them worse. That sparked a massive gap down in the social network last week, sending shares lower than they've ever been in their short trading history.

That was enough to feature Facebook in " 5 Social Networking Stocks to Sell Now." Today's price action just proves it.

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