The shares of Palantir Technologies Inc (NASDAQ:PLTR) are down 1.1% to trade at $153.35 at last check, averting a target price increase from $180 at UBS to $200. Despite a deficit of 14% in 2026, the… software inventory has an 83.5% year-over-year lead and has recently crossed a trendline with bullish implications.
The trendline in question is the stock’s 50-day moving average. According to Schaeffer Senior Quantitative Analyst Rocky White, this “crossover” event occurred seven times in the past decade, after which equity was higher a month later 71% of the time, with an average gain of 7.5%. From the current position, a similar move would have filled PLTR’s late January bear gap.
Options appear to be an attractive route when it comes to the stock’s next moves, according to Schaeffer’s Volatility Index (SVI) of 48%, up from 9% of last year’s numbers. In other words, short-term options traders are now pricing in low volatility expectations.
