New York, NY -- (SBWIRE) -- 11/15/2012 -- Facebook Inc. (NASDAQ:FB), the social networking giant, is seeing a correction in its shares in trading today following Wednesday’s huge rally that saw the stock finish 12.59% higher. FB is currently down 1.68% to $21.99 on volume of 45.08 million. The correction is likely due to profit booking after Wednesday’s rally.
FB rallied on Wednesday even as more than 800 million shares hit the market following the expiration of lock-up period. Despite Wednesday’s gains, FB is still significantly below its IPO price of $38.
FB’s technical indicators are giving bullish signal right now. The stock is trading above its 50-day moving average.
Find out for how many trading session this correction could last by reading the free trend analysis report here: FB, Trend analysis report
Microsoft Corporation (NASDAQ:MSFT), the maker of Windows operating system, is marginally lower in mid-day trading today. MSFT has fallen sharply in the last one week. The stock is down more than 9% since November 9. Earlier this week, MSFT fell on news that initial sales of the company’s Surface tablet have been modest. The stock extended its losses after the company announced the departure of its Windows chief.
MSFT is currently trading 0.22% lower at $26.78 on volume of 24.43 million, which is below the daily average volume of 56.07 million. The volume activity in trading today suggests that the bearish trend seen in MSFT shares may be coming to an end and stock could see a rebound in the next few trading sessions.
Find out if MSFT could bounce back by reading the free trend analysis report here: MSFT, Trend analysis report
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors you to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
Alexander K. Neumann
WALL STREET REPORT
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)