Facebook (FB) Closes Last Hour Up $0.69; Heads Down For the 2nd Straight Day, in an Uptrend Over Past 14 Days

Facebook Inc Daily Price Recap

Facebook Inc came into today down 2.88% ($8.39) from the open of the previous day, marking the 2nd straight day it has gone down. This move happened on lower volume, as yesterday’s volume was down 3.55% from the day before — and down 55.49% from the same day the week before. Let’s take a look at the daily price chart of Facebook Inc.

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Facebook Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Facebook Inc’s price has gone up 6 of the previous 10 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to FB:

    $FB Let's talk TRENDS! Mention just a couple days ago raise those stops, sure enough the flushed out the week hands! We just got an hourly 200 tag(red line) within the MONSTER Trend! On daily rotation up, I will raise trend shares(Loaded in the 210's) to recent lows! Stay the path!

    nastynate1