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New York, NY -- (SBWIRE) -- 09/09/2013 -- Pennystocksupdate.biz issues special report on - iShares MSCI Emerging Markets Index (EEM), Facebook Inc (FB)
iShares MSCI Emerging Markets Index (NYSEARCA: EEM) had an amazing run in the bull market of 2003 -2007 when it appreciated by more than 400%. It made its top at $55.82 in 2007 and crashed violently in the bear market. It made its bottom at exactly 80% retracement level of the entire rally by early 2009. The bounce from the 2009 bottom of $19.86 took the price all the way back to $50.43, recovering more than 80% of the earlier loss. The next correction from that 2011 top is not finished yet and no long term reversal signals are visible too at this point.
After a sharp fall to $33.42, the price has been moving in a range with the upper boundary around $45 levels and the lower boundary at $36 levels. Currently it is bouncing back after another test of the lower boundary. We can see another broader down sloping channel containing the entire price action from the 2010 bottom of $35. If the price fails to move above $43 – $46 levels in the coming months, it runs the risk of dropping to the $30 levels or even lower.
The present jump has taken the cost of the previously provide area of $40 – $41. The bulls must get over this area for any maintainable bounce; otherwise the holds can come failing. The present upmove has a focus on of $41.25 in the arriving 7 days.
How Should Investors React To EEM Now? Find Out Here.
Facebook Inc (NASDAQ:FB) is enabling customers to transmitted the big activities of life and business. By doing this it will increase its customers and advertising as well. Tweets being an opponent of Facebook are gaining the customers and improving the community opinions and emotions.
Facebook has an eager focus on prominent the Tweets and offering bigger data for examining the community opinions and opinions. It will also offer the basic features that are census of the individuals who will like, opinion or discuss the content related to different subjects. Facebook has included the features of included content and popular subjects on which customers can make the discussions.
Facebook Inc new tools are attracting the company’s marketing department to use them but the tools are limited at this time. Facebook Inc (FB) stock is currently trading at $44.42 while its opening price was $44.36.
Should A Trader Buy Or Sell Facebook Now : CHECK HERE.
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