DENVER – Palantir Technologies Inc. (PLTR) shares rallied impressively on Friday, closing the session with significant gains and hitting a new 52-week high, setting a bullish tone for the start of next week’s trading.
The data analytics firm saw its stock close
2.21 (1.63%) for the day. The session was marked by strong buyer conviction, as the stock surged from its open of
139.99**. This powerful move indicates strong investor confidence and a potential breakout to higher levels.
Further reinforcing the positive sentiment, Palantir’s stock continued to climb in after-hours trading, gaining an additiona
137.60. This sustained upward pressure after the market close is a strong indicator that the momentum is likely to carry over.
Analysis for Monday:
The technical picture for Palantir going into Monday is overwhelmingly positive. Hitting a new 52-week high is one of the most bullish signals a stock can generate, as it shows there is no recent overhead price resistance and often attracts a new wave of momentum-focused investors.
The stock’s ability to hold onto most of its gains after the midday peak, followed by a positive after-hours session, suggests that the buying interest is robust. Therefore, the market is likely to see Palantir continue its upward trajectory on Monday. Investors will be watching closely to see if the stock can decisively break through the psychological resistance level of $140. Given the current momentum, a test and potential breach of this level seems probable at the start of the week.
