FB should trade enough volume for a pocket pivot. It is breaking to new highs after a constructive consolidation after its gap up due to a strong earnings report. 65,379,200 shares traded are required. Earnings and sales have both accelerated, pretax margin 43.6%, and institutional sponsorship has climbed every quarter since the company went public, though stalled during the fifth quarter. Group rank 9.
PPR - FB 8/23/13
|Published:||23 Aug 2013 16:57 ET|
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