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Look for Shares of Facebook Inc-A to Potentially Rebound after Yesterday's 1.61% Sell Off

By Amy Schwartz

Facebook Inc-A (NASDAQ:FB) traded in a range yesterday that spanned from a low of $181.11 to a high of $185.99. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $181.45 on volume of 9.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Facebook Inc-A have traded between a low of $108.23 and a high of $195.32 and are now at $181.88, which is 68% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

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