Posted 3/7/2024, 2:35:03 PM
Palantir Stock Breaks Above 20-Day Average, Gains Momentum on Upward Estimate Revisions
- Palantir Technologies (PLTR) stock recently broke above its 20-day moving average, signaling a short-term bullish trend
- The 20-day moving average smooths out short-term price trends and signals trend reversals
- Over the past 4 weeks, PLTR has gained 10.9%
- PLTR has seen 8 upward earnings estimate revisions for the current fiscal year, indicating analysts are bullish
- With positive technicals and earnings estimate revisions, PLTR could see more gains ahead