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Facebook (FB) stock continues to trade in a downtrend as investors flee the momentum stocks into year end. Facebook (FB) has formed a double bottom at $45.70 so this area must hold in the short term. Facebook (FB) will have resistance at $47.55 and is a buy on a break above that level.
The next big move for FB stock will likely come after earnings in two months. A beat and raise will send it back above $55.
Also see - Top Stocks 2014 - Top Stock Gainers 2013
