Facebook Inc. (FB) – stock is trading around $193.62 dollars as of November, 04, 2019 and offering a possible buying price between $186.59 – $195.92. Let’s look at the stocks technical actions using a weekly chart.
2. After peaking end of July, the stock witnessed a breakdown.
3. The stock started to recede and lived below the 50 day moving average (DMA) support.
4. The stock came close to test the long term support 200 DMA line, but stayed above it.
5. The stock recently regained the 50 DMA.
6. The stock is offering possible buying price between $186.59 – $195.92, with a stop loss at $171.66.
This stock is already part of the Stocks Above 100 Dollars pick and performance will be tracked here .
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