Facebook Chart Says the Stock Could Be Ready to Take a Dive
A technical analysis of Facebook shares shows the stock may be ready to retreat.
Facebook (FB) - Get Report shares could be ready to take a nose dive, according to a technical analysis from TheStreet. There are warning signs flashing in a monthly bar chart, and it could be time to dramatically reduce long exposure or at least use protective stop loss orders. The stock's monthly stochastics predict a drop of at least 36 points, with more bearish potential after that. That would take the stock to the mid-$90s.
