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

Shares of Facebook 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.