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Facebook, Inc. (FB) operates as a social networking company worldwide.
It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
The companys products include Facebook mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application available on iOS and Android phones; and Instagram, a mobile app and Website that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends.
As of December 31, 2013, it had 1.23 billion monthly active users. The company has strategic partnership with AXA Group to develop marketing and commercial collaboration in the digital, social, and mobile sphere.
Shares are heading higher in an upward trading channel. Today's expected gap down for the market should offer a buying opportunity for this stock by pushing shares down to their lower boundary limit.
52-Week Trading Range: $43.55 - $79.71
Entry Point: $71.00
Stop Loss: $67.45
Target Price: $78.10
FB reached our target. Closed at $78.30. If you electe to stay in the stock, raise your stop loss to $77.50 to protect your gains!
