Facebook (FB) operates as a social networking company worldwide.
It builds various tools that enable users to connect, share, discover, and communicate with each other on mobile devices and computers. The companys Facebook Platform is a set of development tools and application programming interfaces that enables developers to integrate with Facebook for creating social apps and Websites.
As of December 31, 2012, it had 1.06 billion monthly active users and 618 million daily active users. The company has a strategic partnership with Trend Micro Inc. for educating and protecting users' digital lives against malicious sites and malware.
Shares have formed a bullish "cup & handle" and higher share prices are expected for this stock.
52-Week Trading Range: $22.67 - $58.58
Last Trade: $57.20
Here is the trade:
Trade
Profit/Loss Analysis
Closing Summary
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We are taking profit on FB call spread.