Facebook Inc. (NASDAQ: FB), the social networking giant, is down sharply in mid-day trading today, extending its losses from the previous trading sessions. FB is currently trading 1.46% lower at $25.67 on volume of 28.84 million, which is well below the daily average volume of 73.88 million. FB has fallen more than 4% in the last three trading sessions.
FB has fallen sharply this week even as analysts at Needham raised their price target on the stock. FB has fallen below $26, which has been a key support level for the stock in recent weeks. The next support level for the stock is at around $25.
Find out what traders need to do with the most popular social network in the very short term by getting the free full report on FB here: http://www.wallstreetscoop.net/market-scan/?symbol=FB
Toll Brothers Inc. (NYSE: TOL), a designer, builder and marketer of single-family detached and attached homes in luxury residential communities, is marginally lower in mid-day trading despite some solid data from the housing market. At last check, TOL was trading 0.03% lower at $31.37 on volume of 841,417, which is well below the daily average volume of 3.86 million.
TOL, like other homebuilder stocks, has rallied this year. The gains have been driven by significant improvement in the housing market. Year-to-date, TOL has gained nearly 54%. However, in last few trading sessions, TOL has seen a pullback. In the last five trading sessions, the stock has fallen more than 3%. The stock has support at around $31. If it falls below $31 then the next support level is at $30.50.
Find out where TOL could be headed in the upcoming trading sessions by getting the free full report here: http://www.wallstreetscoop.net/market-scan/?symbol=TOL
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