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Shares of Facebook Inc-A Rise to a New 52-Week High

By Amy Schwartz

Facebook Inc-A (NASDAQ:FB) traded today at a new 52-week high of $208.43. So far today approximately 3.4 million shares have been exchanged, as compared to an average 30-day volume of 18 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.

Over the past year, Facebook Inc-A has traded in a range of $149.02 to $208.43 and is now at $207.18, 39% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.4%.

Facebook Inc-A has overhead space with shares priced $207.18, or 6.8% below the average consensus analyst price target of $222.23. Facebook Inc-A shares have support at the 50-day moving average (MA) of $191.21 and additional support at the 200-day MA of $179.67.

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: 52 week high/lows facebook inc-a

Ticker(s): FB