Facebook Down As It Addresses Security

12/11/2014 7:00 am EST


Stephanie Brown, of YesOption.com, offers actionable insight as to how to play the stock of this social media powerhouse that has been trading in a flat territory for a while as it looks to further address its users’ anti-virus issues.

Facebook Inc. (FB) has partnered with IT security firm Eset in a deal that will accord users with a free anti-malware software program, which should help Facebook and its users find and detect potential malware running on user PCs. If a consumer accesses a Facebook service and the company detects some sort of suspicious behavior, the user will receive a message with the offer to run the anti-malware software. This latest addition—according to the giant social network organization—will go a long way in monitoring all potential malicious activity running on the background directly from the network.

The anti-virus is additionally intended to protect users’ computers from being attacked by malicious software while surfing the Internet. Chetan Gowda, a web developer at Facebook reiterates that the main goal of the new development is to provide users with the right technology that is able to enhance their experience on the network, while protecting their devices.

Back in 2012, Facebook ran a program that allowed users to detect any malicious activity on their accounts, while offering those who suspected their devices had been compromised with a list of free anti-virus software. Facebook is already in partnership with two other security firms, F-Secure and Trend Micro as it looks to further combat malicious attacks.

Technical Analysis

Facebook has been trading in a flat territory for a while. The stock is currently below its 20-Day EMA of $75.33, with its RSI indicator moving in flat territory to 47.72. As of now, the stock faces resistance near $75.5 and $77 with support at $74.20, $73.5.

Actionable Insight

Sell Facebook Inc. FB below $74.5 for target of $73.9, $73.5 with a stop loss of $74.7.

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By Stephanie Brown of YesOption.com

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