New York, NY -- (ReleaseWire) -- 11/12/2012 --Social networking giant Facebook Inc. (NASDAQ:FB) is down sharply in mid-day trading today, extending its losses from last week. FB is currently trading 1.25% lower $18.97 on volume of 18.92 million. The stock has now fallen more than 7% in the last three trading sessions. FB is down more than 50% since the company completed its IPO back in May. While the company’s most recent quarterly results gave investors something to cheer about and pushed the stock higher, last week’s sell-off in the broad market due to concerns over fiscal cliff has once again dragged FB lower.
Find out more about FB by reading the free trend analysis report here: http://www.wallstreetbarron.com/market-scan/?symbol=FB
Software maker Microsoft Corp. (NASDAQ:MSFT) is another major loser on the NASDAQ in trading currently. At last check, MSFT was down 1.77% to $28.32 on volume of 25.20 million. MSFT has fallen 4% in the last five trading sessions. The technical indicators for MSFT are giving strong bearish signals. The stock’s MACD is about to cross the signal line on the downside. A strong bearish trend will be established once the crossover happens. The stock is also trading well below its 50-day and 200-day moving averages. MSFT has support at around $25.
Find out more about MSFT by reading the free trend analysis report here: http://www.wallstreetbarron.com/market-scan/?symbol=MSFT
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