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SmarTrend Watching for Potential Rebound in Shares of Facebook Inc-A After 3.87% Loss

By Shiri Gupta

Facebook Inc-A (NASDAQ:FB) traded in a range yesterday that spanned from a low of $180.08 to a high of $185.68. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $184.46 on volume of 9.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 46% above that low price at $180.08 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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