Facebook Finds Resistance And Retreats

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shares are trading lower by $1 at $106.32 in Monday's session. Following a flat open i t had a brief rally but found resistance just above Friday's close ($107.32), reaching $107.46 before heading lower. This marks the fourth day in a row it has found resistance in the mid to upper $107 handle. On Wednesday, Thursday and Friday of last week all three of the highs were in a tight range between $107.73 and $107.88. The issue is now approaching last Thursday's low ($105.95), so far only reaching $106.08.

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