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Facebook Inc (FB) “On a long-term technical basis, the stock (FB) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 250.15 and 236.69. If the stock breaks down through support at 250.15 then it will probably continue lower to 236.69. The stock will meet resistance at 266.63 and 281.42. If the stock breaks up through resistance at 266.63 then it will probably continue higher to 281.42. The 200-day moving average is at 206.14. This will also act as support. The stock is slightly overbought according to the Stochastic Indicator (73.60).”
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