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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 254.53 and 241.21. If the stock breaks down through support at 254.53 then it will probably continue lower to 241.21. The stock will meet resistance at 260.40 and 278.89. If the stock breaks up through resistance at 260.40 then it will probably continue higher to 278.89. The 200-day moving average is at 217.74. This will also act as support. The stock is extremely oversold according to the Stochastic Indicator (19.06).”
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