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After Yesterday's Decline of 1.33%, Facebook Inc-A Offers Investors Better Value

By David Diaz

Facebook Inc-A (NASDAQ:FB) traded in a range yesterday that spanned from a low of $133.67 to a high of $136.46. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $137.16 on volume of 7.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Facebook Inc-A has traded in a range of $126.85 to $218.62 and is now at $136.10, 7% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Facebook Inc-A on July 26th, 2018 by issuing a Downtrend alert when the shares were trading at $176.94. Since that call, shares of Facebook Inc-A have fallen 22.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders facebook inc-a

Ticker(s): FB