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Facebook Inc-A Rises 3.00% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Facebook Inc-A (NASDAQ:FB) traded in a range yesterday that spanned from a low of $182.14 to a high of $185.73. Yesterday, the shares gained 3.0%, which took the trading range above the 3-day high of $181.61 on volume of 6.2 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.

Facebook Inc-A share prices have moved between a 52-week high of $208.66 and a 52-week low of $123.02 and are now trading 51% above that low price at $185.42 per share. The 200-day and 50-day moving averages have moved 0.57% higher and 0.75% lower over the past week, respectively.

Keywords: rebounders facebook inc-a

Ticker(s): FB