Facebook

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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.

If you liked this article you might like

Dow, S&P 500 Set New Records as Fed Moves to Unwind Balance Sheet

Stocks In Negative Territory as Chances for December Hike Surge

The Wait for 'Milestone' Fed Meeting Keeps Stocks in Flux

The 6 Medications Being Used to Tackle the Opioid Epidemic