Shares of Facebook (FB) retain some restraint after strong growth in the birthday of company founder and CEO Zuckerberg May 14.
Acts as a deterrent statement raising the minimum wage attracting staff to $ 15 per hour. Such an increase would lead to an increase in operating expenses of the company, which will affect the reduction of profit forecasts.
An additional factor of uncertainty are the restrained statements about the start of the joint with some of the leading publishers of projects submitted news sheath Facebook. Representatives of publishers fear that such collaboration will reduce the client visits the site publishers themselves, which will affect the decline in advertising revenue.
Separately, it is worth noting announced today Morgan Stanley’s 6 best technology sector stocks to buy. Facebook (FB) is not listed.
Support and resistance levels
Support 1 79,15
Support 2 80,2
Current price: 80,95
Resistance 1 81,39
Resistance 2 81,81
Facebook (FB) – sell Facebook – Sell, from the level of 81.0. The purpose – 79.5. Stop-Loss-82,05
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee the results obtained.