Facebook Earnings | Trading Game Plan April 22, 2015

Facebook earnings should give the market the catalyst it’s looking for to break this multiple week consolidation.

If you are frustrated with the current tape,  you aren’t alone, many day traders are. This is when your trading plan demonstrates its importance.

When day trading, there are 3 things you can do, to find quality trades:

Before I list the strategies I want to make it clear that adapting is not changing your strategy, you are still looking for high-probability trades. You are simply using different tools to identify those trades.

  1. Drop to lower time frames to find a trend. I explain in the video how to do this on hourly charts.
  2. Continue to be extremely patient to wait for higher time frames to resolve this multiple week consolidation.
  3. Trade stocks in the news. Facebook earnings or ABT, BA, BK, DHI, or QCOM all have clean setups we discuss in the video.

Facebook Earnings Video

Facebook Chart [weekly and daily]

facebook earnings

Facebook Earnings News

Facebook Inc. Earnings: It’s All About the Users

Facebook (NASDAQ: FB  ) will be in the spotlight this week as one of the first of the popular tech giants to report quarterly results in this earnings season. The social network is scheduled to release first-quarter numbers after market close on Wednesday, a day before Google and Microsoft  and about a week ahead of Apple

Trading Analysis: Facebook Earnings Preview

Facebook is scheduled to report earnings after US exchanges close on Wednesday, April 22nd.

Right now, Facebook is the juggernaut of social media and mobile advertising, two of the fastest growing areas on the internet. Since its last earnings report, shares have risen to new all-time highs on the successful monetization of its mobile applications.

Why Facebook earnings will be so interesting

 Traders are bracing for big moves for Facebook earnings, and if history is any indication, they’re likely to get it when the social media giant reports earnings after Wednesday’s trading day.

Will Facebook (FB) Beat Earnings Estimates this Season?

Facebook, Inc.(FBAnalyst Report), is set to release first-quarter 2015 results on Apr 22, after the closing bell. The company reported positive earnings surprises in three of the last four quarters resulting in an average positive earnings surprise of 12.81%.

Despite the not-so-encouraging 2015 forecast offered by Facebook, street consensus continues to remain upbeat. Our proven model shows that Facebook is likely to beat earnings because it has the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #1, 2 or 3.

The combination of Facebook’s Earnings ESP of +8.33% and a Zacks Rank #2 (Buy) makes us confident in looking for an earnings beat this quarter.

 

 

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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