I don't know, maybe the upgrades/increase price targets have something to do with it............ 52 week high will be set again sometime between today & Friday..... Only the 8th time it has done it in the past 9 weeks....... (can't buck the trends shorty)
Like I said yesterday. Those that took profit and shorted this stock will not be happy. Go long and you will make some real cash. Try and play the short game and you will loose with this stock. This stock is headed up and up. I know it does not make sense but none of these stocks do. This is about the personality running the company, just like Apple. I hit the lottery on this one and did not even have to pick one number between 1 and 59.
"Facebook Inc. FB +0.24% rose 6% after three sessions of losses. The social-media company got an upbeat write-up from Youssef Squali at Cantor Fitzgerald, who said Facebook is one of the major Internet stocks positioned to benefit from Europe’s economic recovery."
ok I will help you out...you answered your own question, up on no news or so you think...lots of 50+ targets now, an article out today say FB set to take advantage of EU recovery....that means people want in, expect big results, expectations growing...just think if they get their news like monetization of instagram...BOOM 50's in a flash and could be announced any day. Now quit calling the 1-900 on the bat phone and do some DD......