The Traderszone Network

Published in TZ Latest News 26 September, 2014 by The TZ Newswire Staff

Facebook Hovers In Buy Range Amid Market Turbulence

Social media giant Facebook (FB) is hovering in a buy area as it trades in a narrow price range. The stock got a scare Sept. 15, when it dropped nearly 4% in heavy volume and fell below its 76.09 flat-base buy point. But Facebook got support at its 50-day moving average the next day and retook the buy point soon after. The stock is near a record high. But buying now is riskier with the market’s uptrend under pressure.

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