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  • Writer's pictureTLivingstonBlog

Palantir Starting To Emerge

Palantir, $PLTR, broke out today with volume coming in. There are a few things I really like about this stock. First, after its' IPO in 2020, Palantir has continued to produce strong earnings and sales growth. In addition, the number of funds owning PLTR has grown from 84 to 515 over the last year! Something clearly is going on that is leading all of these funds to decide to own Palantir.

Its' chart also looks fantastic. After a huge move in 2020 off its' IPO, PLTR has been basing throughout 2021. It had some constructive bottoming action this summer, with a heavy volume hammer week in mid-May followed by some tight action in July around the $21 level. I originally bought PLTR in late August and added to my position this week as it started to emerge on volume.

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Full Disclosure: I currently own Palantir (PLTR).

Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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