This company operates a social networking Web site. Millions of people use Facebook everyday to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. This stock is trading up 9.5% at $21.75 in recent trading.
Today's Volume: 140 millionAverage Volume: 53.26 million Volume % Change: 378% From a technical perspective, FB is ripping higher here back above its 50-day moving average of $20.62 with monster upside volume. This move is quickly pushing FB within range of triggering a major breakout trade. That trade will hit once FB manages to take out some near-term overhead resistance at $24.25 with high volume. Traders should now look for long-biased trades in FB as long as it's trending above its 50-day at $20.62, and then once it sustains a move or close above $24.25 with volume that hits near or above 53.26 million shares. If that breakout triggers soon, then look for FB to re-fill its previous gap down zone form August that started near $27.50.
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