Facebook Inc (FB) Outperforms All mega cap US stocks, Up 1.73%; in an Uptrend Over Past 30 Days

Facebook Inc Daily Price Recap

Facebook Inc came into today up 1.73% ($3.69) from the open of yesterday, marking the 4th day in a row it has gone up. As for how volume fared, yesterday’s volume was up 57.15% from the previous day (Monday), and up 153.07% from Tuesday of the week before. Let’s take a look at the daily price chart of Facebook Inc.

Facebook Inc Technical Analysis

Volatility for Facebook Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Facebook Inc’s price has gone up 11 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to FB:

    $FB This will rise above $500 eventually and who knows what is the limit in a few years. The ability to sell directly through their platforms worldwide will gain tons of money in profits, especially if it becomes the standard for e-commerce which is very likely.