This FANG Stock Just Rebounded Into Buy Zone – Investor's Business Daily

This post was originally published on this site

When building your watch list, focus on stocks with an 80 or higher RS Rating. FANG stock Facebook (FB) is one stock that just reached the mark, now earning a score of 83.

X This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price behavior over the trailing 52 weeks compares to all the other stocks in our database.


See How IBD Helps You Make More Money In Stocks


After breaking past, then falling back below a 175.59 entry, Facebook has rebounded into buy range. Heading into afternoon trading on Thursday, the social media giant was up 1.5%, putting it 2% above the buy point.

Fellow FANG stocks Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL) were also trending higher for the day.

Alphabet is trading within a buy zone, while Amazon is extended from an earlier breakout. Netflix is working on a new base.

Facebook saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 69% to 77%. Revenue rose from 45% to 47%.

The company holds the No. 1 rank among its peers in the Internet-Content industry group. Facebook (FB) and Grubhub (GRUB) are also among the group’s highest-rated stocks.

RELATED:

FANG Stocks News: Facebook, Amazon, Netflix, Google

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

This post was originally published on *this site*