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3 Momentum Stocks That Have Fallen Into Bear Markets

While stocks are bouncing back today, these three big-name companies are in the midst of broader breakdowns

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Bear Market Momentum Stocks: Facebook (FB)

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The acquisition of VR headset maker Oculus VR and word the company is moving into the electronic payments market hasn’t been able to reverse the slide in Facebook (FB) stock, which is drifting in and out of bear market territory as I write this — down about 20% from its March high.

Like Amazon, I recommended put options against FB stock in mid-March to my Edge Letter Pro clients. Specifically, the April $65 calls that we just closed for a gain of 333%.

Anthony Mirhaydari is founder of the Edge and Edge Pro investment advisory newsletters, as well as Mirhaydari Capital Management, a registered investment advisory firm.

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