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Facebook Has Been Friendly to Investors Since August 2013's Golden Cross

Facebook (FB - Get Report) has many "friends," including happy investors who have been owners of this stock since August 2013, when shares confirmed a "golden cross" which indicated that its rally could be sustained. Until that technical signal, the stock was struggling along after decline that followed its May 2012 IPO.

My, how times have changed: The stock set an all-time high of $105.12 on Oct. 29, powered in part by anticipation that the stock is poised for higher highs after the company reports quarterly earnings after the closing bell on Wednesday.

"Connections" who invested in LinkedIn (LNKD - Get Report) were cheering when that social media company reported a much smaller than expected loss in its earnings report released on Oct. 29. The stock popped above its 200-day simple moving average on Oct. 30 and closed Monday up 26.5% so far in the fourth quarter.

"Followers" with shares of Twitter (TWTR - Get Report) moaned after the social media company reported its earnings on Oct. 27. This stock is...


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