Market Overview

Facebook Shares Edge Higher After Filing for Regulatory Approval for e-Money Service in Ireland

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Shares of Facebook (NASDAQ: FB) are trading higher by 2.6 percent to $60.04 in Monday's trading after the company filed for regulatory approval for e-Money service in Ireland.

The shares opened above the $60 figure, but quickly gave back gains, trading down to $59. From there, the stock rebounded, poking just above Friday's high of $60.31.

The stock is consolidating in the $60 area as traders await the next move.

The monthly chart paints a bearish bias, the weekly chart is moderately bullish and the daily chart is moderately bullish following the strong open above $60.

Posted-In: Movers Tech

 

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