Leaders to losers: These stocks have made major trend reversals

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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