Facebook Sits Out Monday's Rally

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Facebook (NASDAQ: FB) shares are trading lower by $-0.96 at $118.85 in Monday's session. It is the only one of the top ten components of the S&P 500 index that is not in the green.There is no fundamental news out on the issue that would account for the issue not rallying with the broead market. Keep in mind, the issue has made a new all time high last week at $121.08 and has rallied $11 since its better-than-expected Q1 report.After a lower open, it could not retake Friday's close ($119.81), only reaching $119.61 before continuing its move lower. The ensuing decline has found support at $117,36 and rebounded back into the upper $118 handle.The current low coincides with a pair of lows from May 5 ($117.25) and May 6 ($117.11).

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