Palantir trades down near 15% on protection spending cuts

The worth of Palantir is buying and selling down $-15 or -12% at $109.48 after Pres. Trump ordered the Pentagon to chop price range by eight%. The worth of Palantir reached a brand new all-time excessive of $125.41 in buying and selling at this time earlier than rotating to the draw back.

You’ll be able to argue that the software program that Palantir gives could be what the Pentagon wants to chop prices and enhance effectivity. You too can argue that shares of Palantir shares have enhance by near 100% because the January 13 low to the brand new excessive at this time(round 98%). That is a giant run in 25 buying and selling days.

The low value from February 12 got here in at $109.87. The rising 100 hour shifting common is available in at $106.43. Each these are the following goal on additional draw back momentum. The 30.2% retracement of the transfer up from the January 13 low is available in at $101.95

This text was written by Emma Wang at www.ubaidahsan.com.



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