Facebook Stock Threatens To Make Round Trip

Less than a week after breaking out of a base, Facebook is threatening to make a round trip. Shares fell in above average volume on Monday. At one point, Facebook was trading only 5 cents above an 86.17 buy point from a flat base. But the stock was able to find support at that level and make back some of those losses. Facebook initially broke out of the base last Tuesday, gaining 4% in quick turnover. It then hit a high of 89.40 on Thursday before reversing to close the session lower. As of now, Facebook is still within buy range, which is to 90.48. Facebook has an IBD Composite Rating of 97 out of 99, and it was recently added to Leaderboard. Meanwhile, LinkedIn gapped down to erase most of its June gains. The professional social network is trading 25% below its Feb. 26 high. And Twitter is still drifting lower as it looks for a new CEO. Shares are 37% off of their 52-week high.