Time to Friend Facebook (FB)?Facebook Inc. ($FB) averages are at $47.22 (21 day SMA), $49.06 (50 day SMA), $34.76 (200 day SMA). Over the past 52 weeks FB has traded from a low of $22.67 to a high of $54.83. FB was last at $48.40 on a volume of 45,287,900. Average daily volume has been at 79,490,015.
Back in late-October, Facebook (FB) peaked at around $55 before pulling back below the 50-day moving average. The recent low of $43.55 appears to have established a short-term trading bottom. While the stock is still below the 50-day moving average, the downward momentum has ended and stochastics are actually moving up.
I i’s likely that the stock will take a while to climb through resistance, but those with a longer time horizon might want to consider buying at current levels.
Facebook Inc., is a social networking website which builds products that creates utility for users, developers, and advertisers.