It's no secret that social media giant Facebook generates an incredible volume of free cash flow. Even following covering all of its expenses, the company makes so much money that it still has enough to spend on stock buybacks and other shareholder-friendly expenses. That's why the business's free cash flow is expected to continue to grow - and why this is excellent news for shareholders.
Our Analysis:
As long as the price is above the 350.00 level, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 373.20
- Take Profit 1: 387.00
- Take Profit 2: 396.00
Alternative scenario:
If the level of 350.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 350.00
- Take Profit 1: 334.00
- Take Profit 2: 325.00
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