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After Yesterday's Rally of 2.14% Shares Could Potentially Pullback

By Nick Russo

Facebook Inc-A (NASDAQ:FB) traded in a range yesterday that spanned from a low of $165.66 to a high of $168.51. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $167.45 on volume of 11.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Facebook Inc-A has traded in a range of $108.23 to $195.32 and is now at $168.18, 55% above that low. The 200-day and 50-day moving averages have moved 0.44% higher and 0.86% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Facebook Inc-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Facebook Inc-A in search of a potential trend change.

Keywords: rebounders facebook inc-a

Ticker(s): FB