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Is Today The Day I Short Facebook For Their Next Earnings Miss?

It was just one quarter ago when Facebook Inc (NASDAQ:FB) took a beating after missing earnings expectations. With earnings just around the corner, Facebook is within pennies of gaining everything it lost. This is where the stock price of Facebook fills the gap caused by that earnings disaster. It is also known as a major resistance level, one I plan on shorting. The price point for my short is $127.20 and represents a high reward, low risk trade. Based on my analysis, the downside profit potential is for a drop to $108.00. The stop that should be used is a close above the all-time high of $133.50. When I take the trade, you will be able to opt-into it and see my exact entry, target and stop. In addition, you will be able to follow every move I make and get updates from me. Be ready and let's profit together!

Investors look to sell shares of Facebook Inc at this price