Nearest Support: $23.50
Catalyst: Analyst Upgrade >>3 Tech Stocks Under $10 to Watch Facebook ( FB) is seeing a pop on high volume today after an analyst upgrade at Jeffries sparked buying in the social networking stock this morning. Facebook has been a cautionary tale of late. Its IPO was fraught with missteps, and the scores of retail investors who bought the stock on its first day of trading continue to sit on hefty losses today. It's too early to tell is today's 6% jump can change that. Facebook's drop below support at $25 was significant -- it meant that the glut of buying pressure that's previously been down at that level got taken out by increasingly eager sellers. And while today's bounce is keeping FB off of the year-to-date lows set yesterday, we're still under newfound resistance at $25. I couldn't recommend buying unless Facebook can catch a bid above that level this week.