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Networking company stocks fell off Friday following a report by The Information that Amazon Web Services is considering selling its own network switching devices. Cisco dropped 4 percent by the end of trading, representing a loss in stock value of roughly $8.5 billion. Juniper gave up more than 2 percent. Arista Networks dropped more than
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Facebook’s market leading position in the advertising market is unmatched, according to Jefferies. The firm raised its price target to $240 from $215 for Facebook shares, predicting its second-quarter sales results will be above expectations. Jefferies also reiterated its buy rating for the company. “We see continued strength from advertisers seeking the best ROI online
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How to find support and resistance Being able to locate support and resistance is an essential skill for every trader no matter what his/her strategy is. The good thing is that there’s no need to get fancy. Simpler solutions work better because the strongest levels are those that are evident to the majority of traders.
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