Facebook's Stock May Rise By More 10% Short-Term
Facebook Inc.'s stock has surged to a record high over the past few days and is now up over 13.5% on the year, and up nearly 25% since the end of March. But now traders are betting shares of Facebook will continue to soar, perhaps more than 10% by the middle of July, from its current price of around $200. The bullish optimism comes as shares of the social media company break out, based on technical analysis.