The Traderszone Network

Published in TZ Latest News 6 July, 2015 by The TZ Newswire Staff

Facebook’s Relative Strength Line: What Is It Saying?

While the pressure on stocks intensified Monday, some stocks outperformed by chalking up small gains and staying within their recent trading ranges. Facebook (FB) pretty much fit that description Monday. The stock battled to a 0.3% gain in roughly average volume and remained in its 5% buy zone. The ideal buy point on the June 23 breakout was 86.17, which means the upper limit of the buy zone is 90.48.

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