August 23, 2013 at 18:46 PM EDT
Facebook, NetEase Lead Tech Stocks To New Highs
Technology stocks paced the New High List Friday, with several hitting their peaks in strong volume. Consumer stocks continued to fare well. Facebook (FB) jumped 2, or 5%, to 40.55 in heavy volume. The IBD 50 stock is now 39% past a 29.17 buy point from a double-bottom base. It's also just 10% below its all-time high of 45, set on its first day of trading in May last year. Facebook has completed the fifth week of the eight-week rule, which advises
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