Binary option traders considering to invest in Facebook Inc. (NASDAQ:FB) are facing multiple downsides including low trading volume, dramatically falling prices and worse financial indicators than 2011. This explains the current weak price values of $21.09 per FB share.
Facebook is in a decreasing trend this year. Binary FB is in a deeply decreasing channel this year, as this could be seen from the graph as well. Only a few months ago, in May, binary FB was trading at $ 38 per share, which shows the degrre of the falling stock.
Moreover, its current values are far below the range of MA – 50 ($28.81), which is a further bench mark indicator of the falling performance of binary FB.
In addition, trading volume is still low. Presently, it accounts for 80,631,848, which is much worse than when the company became IPO, at the beginning of the summer.
However, it looks like there is a light in the tunnel for binary FB. Lately, Facebook’s stock slightly gained some ground, from values below $28 per share and marked the current price of $21.09 per share. Maybe the company hit the very bottom and from now the only possible route are some corrective moves. Financial results of the internet giant are weaker than 2011 but are still representing some solid financial benchmarks, which might lift binary FB from the price bottom.
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.