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Facebook Inc-A Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of Facebook Inc-A (NASDAQ:FB) traded at a new 52-week high today of $160.59. So far today approximately 2.6 million shares have been exchanged, as compared to an average 30-day volume of 31.7 million shares.

Facebook, Inc. operates a social networking website. The Company website allows people to communicate with their family, friends, and coworkers. Facebook develops technologies that facilitate the sharing of information, photographs, website links, and videos. Facebook users have the ability to share and restrict information based on their own specific criteria.

Potential upside of 6.3% exists for Facebook Inc-A, based on a current level of $160.41 and analysts' average consensus price target of $170.52. Facebook Inc-A shares have support at the 50-day moving average (MA) of $111.65 and additional support at the 200-day MA of $102.23.

In the past 52 weeks, shares of Facebook Inc-A have traded between a low of $108.23 and a high of $160.59 and are now at $160.41, which is 48% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 0.86% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Facebook Inc-A on June 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $154.85. Since that recommendation, shares of Facebook Inc-A have risen 3.3%. We continue to monitor FB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows facebook inc-a

Ticker(s): FB