Watch out for this key level in Facebook, Piper Jaffray technical analyst says

Watch out for this key level in Facebook, Piper Jaffray technical analyst says $FB (via TradingNation)

a joint investigation into potential antitrust violations on Friday, joining Florida, Iowa, and Colorado among others in putting the heat on Facebook. The latest probe comes on top of an investigation by the Federal Trade Commission.

Facebook touched the 50-day moving average on Thursday, but dipped lower Friday. It has not traded above that trend line since early August.

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