Traders Remain Cautious on Strong Facebook (FB) Move Today
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Facebook (Nasdaq: FB) is comfortably higher on the session today following positive comments and price target boost at J.P. Morgan.
Amid the rise, some are taking a cautious tone on the move. According to the latest market data, net money flow is negative $27.62 million, with an uptick-to-down ratio of 0.76 times. About $89.5 million is bought on the tick higher, while $117.1 million is bought on a tick lower.
Shares are up 4 percent Wednesday.
NOTE: On Monday, BMO Capital upgraded Facebook to Outperform and more than doubled its price target to $32.
Amid the rise, some are taking a cautious tone on the move. According to the latest market data, net money flow is negative $27.62 million, with an uptick-to-down ratio of 0.76 times. About $89.5 million is bought on the tick higher, while $117.1 million is bought on a tick lower.
Shares are up 4 percent Wednesday.
NOTE: On Monday, BMO Capital upgraded Facebook to Outperform and more than doubled its price target to $32.
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