Recent Trade Facebook (FB)
We enjoyed a 2% gain within a couple of trading days. We sold Facebook shares short due to the stock charts sending us bearish signals. We booked a quick profit because the QQQ’s were showing strength.
We are looking to sell Facebook shares short once again but we need to break support. Trade alerts will be sent to member of The Contrarian Trader. Checkout our 14 Day Free Trial.
We are also looking to buy shares of Macy’s (M) which are currently oversold. I give a brief overview of the daily stock chart in todays commentary on Facebook.