Facebook Marching Higher

Facebook Inc FB shares are trading higher by $3.87 at $98.03 in Friday's session. It is now over $9 higher than its low that was made on Wednesday at $89.37.

After a higher open, it retreated and found support in the upper portion of Thursday's range at $95.49 before continuing higher.

The ensuing rally has taken the issue to $98.07 and it has not backed off from that level. If the rally continues, there is no major resistance in the $98 handle until its January 14 high of $98.87.