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Facebook (FB)

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Not intended as inv. advice. FB has been on a strong upward trend as the majority of Information Technology stocks have been. It keeps coming back to the ascending trend line. If it breaks below this line (on news, profit takers, general market downturn) I would expect it to fall back to the support of .236 Fib.

The Current stock price is above both the 150 day and 200 day moving average.

The 200 day moving avg line is trending up (for at least one month) early in the year.

The Current stock price is trading above the 50 day moving average.

The current stock price is at least 30 percent above its 52 week low. ( 60% above it's 52 week low)

The current price is 99% of it's new high.

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