Why Facebook Stock's Rally Isn't Over

Facebook stock isn't succumbing to this volatile market. It jumped 11.5% after reporting its fourth-quarter earnings results, beating all analyst estimates. Facebook Inc. (Nasdaq: FB) posted a staggering 123% increase in profit from last year to $1.62 billion, a product of its expanding user and advertising base. Facebook's stellar earnings report comes at a time when other blue-chip tech stocks - including Apple (Nasdaq: AAPL) and Amazon (Nasdaq: AMZN) - were slammed for missing analyst estimates and reporting slower growth. So how long can Facebook stock keep up this momentum? Money Morning Technical Trading Specialist D.R. Barton went on "Varney & Co." with his predictions... Tags: Facebook , Facebook rally , Facebook Stock , Facebook stock rally , rallying Facebook stock To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why Facebook Stock's Rally Isn't Over appeared first on Money Morning - We Make Investing Profitable .