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Why Facebook Inc Is on the Verge of a Massive Breakout
FB stock is a buy over $183 Shares of Facebook Inc (NASDAQ:FB) have been on fire in 2017, with shares up 59% so far. However, FB stock price could be setting up for even more gains this year as shares teeter on a potentially large breakout.

First though, why is Facebook a buy in the first place?

FB Earnings
You don’t always need an amazing fundamental story to buy a stock. Sometimes the risk/reward is right even on not-so-great names. I personally prefer to blend the two though — that is, sound fundamentals with solid technicals. In Facebook’s case, it has got both.

On Nov. 1, Facebook beat earnings per share and revenue expectations. Despite three straight sessions of rallying, FB stock price leapt to new 52-week and all-time highs just over $183. Following that initial surge, investors chose to let Facebook stock drift sideways to lower throughout the month, even with FB crushing earnings estimates by more than 24% and churning out 47.4% revenue growth.

Last Friday though, shares eked out new highs. Should investors buy in now? It’s hard to say, “Yes! FB stock is an absolute buy, up almost 60% on the year and 660% over the past five years, now sporting a $530 billion market cap!”

But who’s going to get in its way? Twitter Inc (NYSE:TWTR) proved a long time ago that it wasn’t a formidable foe. Snap Inc (NYSE:SNAP) has proven to be a complete disaster on a number of levels. Neither will challenge Facebook for the top spot in the social media space for a long time.

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Unlike in the past, investors don’t really have to worry about FB becoming the next Myspace. Much like they don’t have to worry about Apple Inc. (NASDAQ:AAPL) becoming the next BlackBerry Ltd (NYSE:BB).

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