Facebook, Inc. (NASDAQ:FB) has approved SPYR, Inc. (OTCMKTS:SPYR)’s Pocket Starships in its Gameroom which is now available in beta, for Windows PC gamers. Pocket Starships is among the first games that can be played in Facebook’s new Gameroom. This is huge news for SPYR, Inc. (OTCMKTS:SPYR) considering that the stock is near its 1$ breaking point. As per the press release, Mike Turner, SPYR’s Vice President of Strategic Partnerships stated: “The inclusion of Pocket Starships, as one of the initial games offered in the new Facebook Gameroom, gives the title exposure to hardcore PC gamers, which is an extremely desirable audience for us. Quality users of Pocket Starships play on all types of devices and this is a great platform for users to play with their Facebook friends no matter what device they are on. Our players can play on their mobile devices while on the move or sit down at their PC for a longer session, so we think Facebook Gameroom is an invaluable marketing platform for Pocket Starships.”
With today’s news action, SPYR, Inc could very well be on the verge of a major breakout.
Shares of [finviz_code ticker=FB item=2 value=”Facebook, Inc.”] (NASDAQ:[finviz_code ticker=FB item=1 value=”FB”]) opened at [intr_code ticker=FB item=open_price value=132.73] and are currently trading at $[intr_code ticker=FB item=last_price value=133.975]. More than [finviz_code ticker=FB item=67 value=”14,769,184″] shares have exchanged hands compared to an average trading volume of [finviz_code ticker=FB item=63 value=”22.56M”]. At the current pps, the market cap for [finviz_code ticker=FB item=2 value=”Facebook, Inc.”] (NASDAQ:[finviz_code ticker=FB item=1 value=”FB”]) stands at $[finviz_code ticker=FB item=6 value=”379.58B”].
Let’s take a quick look at the chart technical analysis for [finviz_code ticker=FB item=2 value=”Facebook, Inc.”] (NASDAQ:[finviz_code ticker=FB item=1 value=”FB”]).
[intr_chart ticker=FB src=”https://www.journaltranscript.com/wp-content/uploads/2017/02/13014-FB13.png”]
For FB, the Barchart Technical Opinion rating is a 64% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators mostly agree with the trend.
The The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). [ema_code ticker=FB color=blue value=132.42|125.88]
The relative strength index (RSI) is a momentum osciallator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). [rsi_code ticker=FB color=blue value=67.63]