Meta Stock Flashing Bull Signal Amid Record Highs

Core Viewpoint - Meta Platforms Inc (NASDAQ:META) stock is currently experiencing a slight decline despite the broader tech rally, indicating potential volatility in the near term [1] Stock Performance - META stock is down 0.3% at $612.06, having previously reached an all-time high of $617.78 [1] - The stock has finished five of the last six days higher, pushing it above the top band of its 20-day Bollinger Bands [2] - Historically, when the stock has moved above this band, it has averaged a 21-day gain of 9%, suggesting a potential target price of over $664 from its current position [2] Options Market - The options market appears favorable for META, with the Schaeffer's Volatility Index (SVI) at 29%, which is in the low 16th percentile of its annual range, indicating low volatility expectations from options traders [3]