Palantir Stock Snapped a Three-Week Losing Streak Last Week—Watch These Key Price Levels
Key Takeaways
- Palantir shares were slightly lower in afternoon trading Monday after snapping a three-week losing streak last week. During its slump, the stock fell as much as 40% from its mid-February all-time high.
- The shares found buying interest after the price filled an early-February breakaway gap, but have traded mostly sideways since, indicating indecision among market participants.
- Investors should watch key support levels on Palantir’s chart around $85 and $66, while also monitoring important resistance levels near $100 and $125.
Palantir Technologies (PLTR) shares were down slightly on Monday after gaining ground last week for the first time in four weeks.
Shares in the data analytics software company had come under…
