Is Facebook's Stock About To Move Lower?
Benzinga2021-06-02
The last time shares of Facebook Inc.(NASDAQ:FB) reached the $330 level was at the end of April. It tuned out to be a resistance level and a sell-off followed.
Now Facebook's stock has hit $330 again, and once again it has hit resistance. Shares have traded right around $330 for the past five trading days.
There's a chance shares break this resistance and make a rapid and meaningful move higher. If this doesn’t happen within a few days, there’s a chance the bears hit the stock again and send the shares lower.
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