Technical Analysis on Facebook Inc. and Google Inc. - Social & Professional Networking Companies Continue to Grow

Mon Nov 12, 2012 8:00am EST

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  NEW YORK, NY, Nov 12 (Marketwire) -- 
Companies that provide social and/or professional networking services,
such as Facebook Inc. and Google Inc., have been performing well over the
last little while. A number of dynamics are working in their favor, and
could continue to do so through the end of 2012 and into 2013. has initiated technical analysis on Facebook Inc. (NASDAQ:
FB) and Google Inc. (NASDAQ: GOOG) which serves the Internet Information
Providers industry. These reports are free upon registration. Rest
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    The popularity of social & professional networking continues to rise, and
with the proliferation of smartphones and tablets, this trend could
remain for the foreseeable future. An increasing number of internet users
in emerging markets such as China also bode well, and companies with
international operations could outperform their peers moving forward.
Third quarter revenues for select companies, such as Facebook, reflected
the jump in demand, with some posting double digit increases in
year-over-year comparisons. Read our technical analysis on Facebook by
clicking on 

    An influx of sales is certainly a positive. However, high levels of
competition, increased expenses and ever evolving consumer preferences
have kept companies on their toes. Some have been able to grow profits in
the third quarter, while others have struggled to meet figures seen a
year ago. Our technical analysis on Google is accessible at 

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