Facebook (FB) Reversal Firms, Shares Now Seeing Resistance at $20 Level
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Facebook, Inc. (Nasdaq: FB) is quieting the naysayers Monday following early weakness in the stock on
After dropping as much as 1.6 percent to an intraday low at $18.75, shares have climbed 6.3 percent or more to nearly $20.
Despite the rise, it appears that the $20 might be a resistance point for Facebook shares. Another level traders might want to watch is $20.25, where Facebook saw support in August.
The stock is currently 4.9 percent higher on the session.
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After dropping as much as 1.6 percent to an intraday low at $18.75, shares have climbed 6.3 percent or more to nearly $20.
Despite the rise, it appears that the $20 might be a resistance point for Facebook shares. Another level traders might want to watch is $20.25, where Facebook saw support in August.
The stock is currently 4.9 percent higher on the session.
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