The Traderszone Network

Published in TZ Latest News 20 October, 2014 by The TZ Newswire Staff

Facebook Bucks Market Correction, Retakes Buy Point

Facebook (FB) has climbed back above its 50-day moving average and retaken its buy point, showing strength in a weak market. The social media giant edged back above the 76.09 flat-base buy point Monday. However, volume was weak. Buying now is especially risky due to the market’s correction. Facebook fell nearly 8% below the entry last week, triggering a sell rule.

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