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Palantir Stock Notches Big RS Score Of 93

On Wednesday, Palantir Technologies (PLTR) hit an important technical milestone, seeing its Relative Strength Rating jump into the 90-plus percentile with an improvement to 93, up from 89 the day before. This makes Palantir stock a good candidate for a CAN SLIM investor’s watchlist.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD’s unique rating measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners tend to have an RS Rating of above 80 in the early stages of their moves.


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Is Palantir Stock A Buy?

Palantir stock is not currently near a potential buying area. See if Palantir stock goes on to form a base that could launch a new move.

Earnings growth moved up in the Denver-based software company’s latest report, from flat to 20%. But revenue growth fell from 52% to 40%. The Big Data analytics specialist is expected to report its latest results on or around Apr. 28.

Palantir stock earns the No. 62 rank among its peers in the Computer Software-Enterprise industry group. Digital Turbine (APPS), Dynatrace (DT) and Workday (WDAY) are among the top five highly rated stocks within the group.

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