Leaders to losers: These stocks have made major trend reversals (via TradingNation)
One of those stocks looks ready to return to its former glory, said Craig Johnson, managing director at Piper Jaffray." on Friday. "There's a lot of fundamental overhang on the shares, [but] I would point out that the stock has been starting to put in a series of higher highs and higher lows, and you can see that the uptrend off of those January lows still remains intact at this point in time.
Facebook hit a record high in July 2018 before worries over regulation and privacy scandals took a massive swipe at its stock prices. "We think growth still works here, and when you look at Facebook, you've got double-digit ... growth that looks to continue," Chiavarone said in the same interview.
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