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Watch for Facebook Inc-A to Potentially Rebound After Falling 1.70% Yesterday

By Shiri Gupta

Facebook Inc-A (NASDAQ:FB) traded in a range yesterday that spanned from a low of $196.22 to a high of $197.88. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $198.05 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $123.02 to $208.66 and is now at $196.31, 60% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

Keywords: rebounders facebook inc-a

Ticker(s): FB