Today’s new Top Pick for 2014 redesigned interpersonal communications and turned social networking into a multi-billion dollar business.
Facebook (FB)
from Cotton’s Technically Speaking
Facebook (FB)-Closed Tuesday 12/24/13 @ $58.03. We believe that Facebook, a premier social networking company, is here to stay. Having a Facebook page has become an integral part of American life, and we expect that trend to continue.
The stock came out of a head and shoulders reversal pattern in July of this year, crossing above the neckline of about $31 per share, on big volume. It is estimated to earn $.83/share in 2013 and $1.12/share for 2014.
We gave a BUY Rating to the stock on March 4, 2013 at $27.76 in our weekly online Market Letter. It has doubled since then, and we expect it to double again within the next 12 months.
Joseph Cotton, Cotton’s Technically Speaking, www.cottonstocks.net, 727-289-4436, December 26, 2013