Facebook, Inc. (FB) Resistance, pivot & Support Levels - 6/1/2012
Resistance levels: $33.41, $31.54, $30.57
Pivot point: $28.70
Support levels: $27.73, $25.86, $24.89
Share of Facebook, Inc. (FB) is trading near $29 on premarket Friday because of Facebook (FB) is initiated at Outperform with $37 price target at Baird, which says the firm's focus on technology and user experience puts it in the same league as Google and Amazon. "We expect Facebook to continue down the 'Google Path,' allowing the hacker culture to guide management decision making." Shares -1.3% premarket and nice rebound on Thursday from low.FB has resistance level at $30 support at $26.83 if broke $28 next support level is $25-$26. Here is live chart to look for trade
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