fbpx
QQQ
+ 7.05
312.29
+ 2.21%
DIA
+ 4.00
336.23
+ 1.18%
SPY
+ 6.32
403.85
+ 1.54%
TLT
+ 1.27
134.54
+ 0.94%
GLD
+ 1.54
169.61
+ 0.9%

Why The Time To Buy Palantir Stock Might Be Right Now

April 14, 2021 11:35 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Why The Time To Buy Palantir Stock Might Be Right Now

Palantir Technologies Inc (NYSE:PLTR) is past the point of control from a technical standpoint, host Neil Hamilton said Wednesday on Benzinga's YouTube show "Get Technical." 

When the stock passed the point of control, "it became a buy for me," Hamilton said. 

Related Link: Palantir's Stock May Have Just Broken Out Of Old Bearish Pattern

Hamilton charted the "point of control" using a volume profile Tuesday on "Get Technical." 

The volume profile shows the area of control, which Hamilton said is where most of the buying and selling occurs. 

Hamilton was looking for a session close above that point on higher than average volume, as seen on the Palantir chart at the close Tuesday. 

Palantir has a great story and "it's a great long-term holding," Hamilton said. 

Palantir Events: Palantir is holding the first in a series of  "Double Click" events Wednesday at 11 a.m. ET, in which the company will showcase its "Foundry" product.

See also: Is Now The Time To Buy Stock In Palantir, Tesla, Nio, Ford Or GM?

PLTR Price Action: Palantir was down 2.75% to $24.72 at last check Wednesday. 

Photo courtesy of Palantir. 


Related Articles

Palantir Stages Reversal Following 'Phenomenal' Earnings Report, Says Roger Monteforte

The volatile price action in Palantir Technologies Inc (NYSE: PLTR) was less about the Bitcoin (CRYPTO:BTC) news and more about the company's fantastic earnings report, founder and CEO of Forte Capital Group Roger Monteforte said Tuesday on CNBC's "Closing Bell.&qu read more

The SPY Was Down Today. Here's Why.

U.S. indices traded lower Tuesday amid a continued sell-off in equities, driven by selling in growth stocks and technology stocks. Inflation concerns have also weighed on stocks and further pressured growth sectors. read more

What's Happening With Palantir Stock Today?

Palantir Technologies Inc (NYSE: PLTR) shares are trading lower by 9.58% at $16.70 in Tuesday's pre-market session despite the company reporting better-than-expected first-quarter sales results. read more

How Palantir Stock Looks Going Into Earnings

Palantir Technologies Inc (NYSE: PLTR) is set to report first-quarter earnings before the opening bell Tuesday and traders will be watching closely to see how the stock reacts.  read more