Palantir Technologies stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 88 to 91.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of at least 80 as they begin their largest climbs.
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Is Palantir Stock A Buy?
The IBD 50 stock is trying to complete a consolidation with a 27.50 entry. See if the tech stock can clear the breakout price in volume at least 40% higher than normal. Keep in mind that it's a later-stage consolidation, and those are riskier than earlier-stage patterns.
EPS growth decreased in the company's most recent report from 100% to 60%, but sales rose from 20% to 21%.
Palantir Technologies stock earns the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Magnite is the No. 1-ranked stock within the group.
