Palantir Surges Following Cathie Wood Buy, Break From Bull Flag: Here's How To Play The Run Higher
Portfolio Pulse from Melanie Schaffer
Palantir Technologies (NASDAQ:PLTR) surged almost 14% after Cathie Wood's Ark Invest purchased 1.26 million shares valued at about $13 million. The stock is breaking up from a bull flag pattern, suggesting a potential surge up to $13 in the future.
May 18, 2023 | 7:11 pm
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Palantir's stock surges after Ark Invest's purchase of 1.26 million shares and a break from a bull flag pattern, suggesting a potential surge up to $13.
The news of Cathie Wood's Ark Invest purchasing 1.26 million shares of Palantir has generated significant interest from investors, causing the stock to surge almost 14%. Additionally, the stock is breaking up from a bull flag pattern, which is a bullish technical indicator. This suggests a potential surge up to $13 in the short term, positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100