Do you know which stock is being supported by 3800 Institutions such as Mutual Funds and Hedge Funds? Did you know that by knowing why the Egyptians built the pyramids they way the did will help your investment returns?Facebook dipped to its 50-day moving average and bounced off the line last May 18 this year. The scenario created a buy area as institutional investors stepped in to support the social media company's shares. The weekly stock chart also shows a three-weeks-tight pattern that formed earlier this month. The 153.70 buy point is still in play. But the sad part that it has already been two weeks since that pattern emerged, and recently, no movement to new highs is detected. BUT you need not to worry, investors can still use to bounce off the 50-day line and acquire shares. Keep in mind that with secondary entries, it is best to buy smaller numbers of shares than with the initial purchase. For example, you could have bought 100 shares when Facebook broke out last January 24 and came past a 129.37 buy point.
When the stocks pulled back near the 50-day line in mid-April, you could have bought an additional 50 shares, and 25 more shares at this month's pullback.
This is called pyramiding, and it is a way to "average up" your exposure as the stock proves itself a winner.
Having an access to the information about who is the very best in every sector of the US market, I figured that Facebook doesn't have the best sales or profit growth in the internet content industry group.The "F" of the FANG stocks, Facebook is an institutional darling, with more than 3,800 mutual and hedge funds owning its shares. Facebook, Amazon, Netflix and Google just to name a few. But now I can see a group that is leaving these great, rising stocks in their tracks.