Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Facebook Chart On Its Way To New Highs


Facebook news has quieted down which has let the stock rise secretly passed a key level. Earnings upside from here can help this stock finally break out to new highs once again.

Stock Price Cooperates Higher

We pointed out on April 25th that the last earnings reaction could lead to upside follow through. Facebook's stock has responded with that upside follow through.

Key Level $183 Now

As we show in the chart below 183 was a key level that saw breakouts and breakdowns for Facebook stock.

Passing this level and holding above it is an amazing sign that we're passed the onslaught of bad news.

Chart levels matter because they are implanted in the brains of all those traders and investors over those trading days. So a breakout topside as the news quiets down is important.

Source
There it is, to the left, the key level of multiple breakouts, holds, and breakdowns.

Now scan right on that chart and you see Facebook's stock has done a great job of holding that level and may be a sign of more highs to come.

Earnings Upside

Facebook has consistently shown about 20-30ct upside versus the Street consensus each quarter.

Our model shows that upside should accelerate to 25-60ct upside over the next three quarters. That's one reason we have a Buy Rating on Facebook.

Earnings are what propels stocks. Facebook showing technical strength can set up a stock break out if we're right about the earnings upside to come.




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All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. Model portfolio trades and positions are hypothetical to be used for directional analysis and ratings purposes. Elazar and its employees do not take individual stock positions to avoid front running and other potential customer related issues.

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