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Palantir Technologies (PLTR) stock’s Relative Strength (RS) Rating improved on Monday, rising from 88 to 91.
This exclusive rating from Investor’s Business Daily tracks price movement and scores it from 1 (worst) to 99 (best). The score shows how a stock’s price movement over the past 52 weeks compares to all other stocks in our database.
Decades of market research show that the best-performing stocks tend to have RS Ratings of at least 80 when they begin their biggest gains.
3 Keys to Successful Stock Investing
Is Palantir Stock a Buy?
IBD 50 stocks are trying to enter consolidation at 27.50. See if the tech stock can break out above price on volume at least 40% above normal. Note that this is late-stage consolidation and is riskier than early-stage patterns.
The company’s most recent report showed that earnings growth fell from 100% to 60%, but sales rose from 20% to 21%.
Palantir Technologies stock is ranked second among its peers in the Enterprise Software industry group. Magnite (MGNI) is the top-ranked stock within the group.
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