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Facebook Inc-A Rises 1.73% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Facebook Inc-A (NASDAQ:FB) traded in a range yesterday that spanned from a low of $203.19 to a high of $206.50. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $205.80 on volume of 7.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Over the past year, Facebook Inc-A has traded in a range of $149.02 to $206.50 and is now at $206.18, 38% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

Keywords: rebounders facebook inc-a

Ticker(s): FB