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By: Benzinga
December 04, 2012 at 17:38 PM EST
50 Percent Retracement Level -- A Significant Hurdle For Some Issues
After bottoming at $17.55 on September 4th, Facebook (NASDAQ: FB ) has rallied over ten points to close at $28.00 on Friday. Will this move continue, or is this just a bear market rally in the stock? One fairly reliable technical indicator to test the validity of such moves
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