Facebook Inc. is still faced with low trading volume, dramatically falling prices and worse financial indicators than 2011. All of these financial disadvantages are reflecting binary FB share prices, which are withing the lowest levels of the year.
Presently, Facebook is traded at $21.60 per share, which is just above the lowest price of the year, as this could be seen from the graph as well.
The degree of binary FB under-performance is evident by the fact that currently FB is traded below its MA – 50 ($27.78) range. When binary traders also consider that only a few months ago, Facebook’s stock was exchanged at prices of over $ 38 per share, the disapiointing results of binary FB become evident.
In addition, trading volume is very low, within the worst seen by Facebook. Presently, it accounts for 24,994,392, which is much worse than when the company became IPO, at the beginning of the summer.
The most important concern for binary option traders is whether Facebook will follow a more aggressive corrective pattern and whether it would be able to recopurate some of its lost ground.
Maybe, there is a light in the tunnel because after all Facebook is is the most successful social network in the world, enabling millions to share information. There is a large possibility also that the company hit the very bottom and from now the only possible route is on an increasing trend. Financial results of the internet giant are weaker than 2011 but are still representing some solid financial benchmarks, which might lift binary FB from its present price bottoms.
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.