Facebook Clears 50-Day MA

Facebook (FB, $184.19, up $4.16)

Shares soared to a high of $185.49 with prior and lower resistance at $184-$184.50 and the 50-day moving average getting cleared and holding. Rising support is at $182-$181.50. A more bullish signal would be continued closes above the $187.50 level and could represent a call buying opportunity.

 

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