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Facebook Inc-A Crosses Above its 10-day MA (FB)

By Amy Schwartz

Facebook Inc-A (NASDAQ:FB) shares have crossed bullishly above their 10-day moving average of $186.33 on a volume of 2.8 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Facebook Inc-A share prices have been bracketed by a low of $123.02 and a high of $208.66 and are now at $187.48, 52% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 0.13% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Facebook Inc-A and will alert subscribers who have FB in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses facebook inc-a

Ticker(s): FB