Facebook Rips To New All-Time High: What's Next? : vimarsana

Facebook Rips To New All-Time High: What's Next?


Satori Fund founder and portfolio manager Dan Niles likes
Facebook Inc (NASDAQ:FB) for a reopening play, he said Thursday on CNBC's "Squawk Box.” He believes Facebook will see increased revenue through advertising once travel and tourism heat up again.
From a chart perspective, what’s not to like? Facebook’s stock made another new all-time high on Thursday and on Friday bulls will want to see continued momentum into a blue-sky run.
The Facebook Chart: Facebook’s stock closed at $332.75, slightly below its new high of $333.78. Strong bull volume helped Facebook to make its new all-time high. On Thursday, 20.478 million shares were traded during the session compared to an average of 16.224 million.

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