Shares of Meta Platforms Inc (NASDAQ:META) are 0.7% higher trade at $677.94 this afternoon, pacing for a fifth-straight daily win, enjoying this week's shift back above its year-to-date breakeven level. The tech behemoth remains roughly 15% off its September 2025 record high of $790.80, leaving ample room for more growth in the months ahead.

Luckily, there is a long-term bull signal now flashing for Meta Platforms stock. Specifically, per Schaeffer's Senior Quantitative Analyst Rocky White, META is trading above and within 3% of the 40-month moving average, after closing above this trendline for the past five months.

This setup has appeared three times over the last 20 years, after which the stock was higher three months later 100% of the time, averaging a 9.8% gain. From its current perch, a move of this caliber would put the equity just shy of $745 by the end of the year -- well on its way back to record-high territory.

Shorts have been retreating, with short interest falling 8.4% during the past two reporting periods. At the stock's average pace of daily trading, it would take short sellers less than two days to buy back their bearish bets.