Facebook (FB) Stock Extends to New High Intraday

Facebook, Inc. (FB) continues to vacillate near its two-week trading range top and above its 50 day SMA at $81.02. Stock extended as high as $81.44 intraday with the last couple of hours spent printing higher-highs. Some continuation today could set it up, short term, for a break above $82.30. A move through that rez level on good volume could lead to additional upside momentum and a possible test of $82.79.

FB shares have declined 6.08% in the last 4 weeks and advanced 2.52% in the past three months. Over the past 5 trading sessions the stock has gained 0.44%. Shares of Facebook, Inc. are up 4% this year.

On trading measures, Facebook, currently valued at $228.17 billion, has a median Wall Street price target of $95.00 with a high target of $110.00. Approximately 33 million shares have already changed hands, compared to the stock’s average daily volume of 25.7 million.

The chart below shows where the equity has traded over the last 52 weeks.

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