Meta Platforms Inc Shares Surge, Cross Above Key Moving Average

In trading on Thursday, Meta Platforms Inc (Symbol: META) saw its shares rise above the crucial 200-day moving average of $578.71, reaching as high as $592.95 each. Currently, Meta’s stock has gained approximately 5.6% for the day. The chart below illustrates the one-year performance of META shares alongside its 200-day moving average:

Analyzing the chart, META’s lowest point in its 52-week range is $432.28 per share, while the high point is $740.91, with the latest trade recorded at $575.00. The DMA data presented above is sourced from TechnicalAnalysisChannel.com

Meta’s recent performance indicates a significant momentum shift, affirming the stock’s potential as a strong contender in the current market landscape.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.