Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Facebook's stock (FB) fell in the intraday levels, registering a loss of 0.49% in the last session, or one point, after the resistance of 203.55 held on, and as traders collect recent short-term profits, while the stock gathers momentum to help it rise anew, amid positive support from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms, coupled with positive signals from the Relative Strength Index.
Therefore we expect the stock to return higher, provided the resistance of 203.55 was breached, targeting the next one at 210.59.