Facebook (FB) Continues Slide Following Q4 Results; Crosses Below 20-Day SMA

February 1, 2013 3:41 PM EST Send to a Friend
Facebook (NASDAQ: FB) is extending losses Friday, trading down over 4 percent on volume.

The drop started following Q4 results on Wednesday, with Facebook now down about 5 percent since then.

Shares are below the 20-day SMA, but still above the 50-day SMA. Facebook last traded below the 50-day on November 14th last year.

Volume of 78 million shares compares with daily average volume of about 71 million.




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