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Chris Perruna: META climbs 8 percent but closes just below 200-day moving average

Chris Perruna: META climbs 8 percent but closes just below 200-day moving average
META up 8 percent, tests 200-day average

Chris Perruna, senior vice president at Self-employed, highlights META's recent performance, noting that the stock closed at $631.48—up 8 percent this week, but just below its 200-day moving average.

Perruna questions whether META can regain the 200-day and 40-week averages to start a new uptrend or if it may face another rejection as seen in March. He also confirms holding shares.

Perruna has recently tracked other notable stock moves. He observed RDDT trading above $200 as the stock formed the right side of a seven-month base. He also commented on ELF's rebound from recent lows after a volatile period for the stock.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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