Facebook In Danger Of Ending Three Day Winning Srreak

Loading...
Loading...
Facebook
FB
shares are trading lower by $0.88 at $114.21 in Tuesday's session. Since it blew away Q4 estimates last Wednesday, the issue has added over $20 since its January 27 close of $94.45. Earlier in the session, it easily surpassed its former all time high of $115.72, reaching $117.59 before reversing course. So far, the ensuing decline has taken the issue to $113.84 and continues to make new lows for the day. If the decline continues, the next support level based on the daily charts may not come in until Monday's low of $112.01 In order to post a new all time closing high, it would need to exceed Monday's close of $115.01.
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...