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Watch These Palantir Price Levels After Stock Posts S&P 500's Biggest Gains in 2024

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Summary
Nutrition label

78% Informative

Palantir Technologies ( PLTR ) is set to claim the coveted title of the S&P 500 index's best performing component this year .

The software maker reported net sales jumping 30% in the latest quarter , with double-digit growth in both its commercial and government businesses.

A shooting star formed on the chart last week , a candlestick pattern that occurs after a significant advance, indicating the price may start falling or enter a consolidation phase.

VR Score

76

Informative language

75

Neutral language

6

Article tone

semi-formal

Language

English

Language complexity

52

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not offensive

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not hateful

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not detected

Time-value

medium-lived

External references

23

https://www.investopedia.com/palantir-q3-fy-2024-earnings-8738490https://www.investopedia.com/terms/s/shootingstar.asphttps://www.investopedia.com/terms/b/bull.asphttps://www.investopedia.com/terms/w/weeklychart.asphttps://www.investopedia.com/articles/active-trading/092315/5-most-powerful-candlestick-patterns.asphttps://www.investopedia.com/terms/t/trending-market.asphttps://www.investopedia.com/palantir-microstrategy-and-axon-enterprise-to-join-nasdaq-100-8761424#:~:text=Palantir%2C%20MicroStrategy%2C%20and%20Axon%20Enterprise%20are%20set%20to%20join%20the,index%2C%20the%20Nasdaq%20said%20Friday.https://www.investopedia.com/palantir-stock-surges-after-extending-army-contract-worth-usd619-million-8764288https://www.investopedia.com/technical-analysis-4689657https://www.investopedia.com/terms/u/uptrend.asphttps://www.investopedia.com/legal-4768893#toc-warranty-and-liability-disclaimerhttps://www.investopedia.com/watch-these-palantir-price-levels-after-stock-posts-s-and-p-500-s-biggest-gains-in-2024-8767685https://www.investopedia.com/terms/c/consolidation.asphttps://www.investopedia.com/terms/s/sidewaysmarket.asphttps://www.investopedia.com/terms/c/correction.asphttps://www.investopedia.com/ask/answers/041015/why-trading-volume-important-investors.asphttps://www.investopedia.com/terms/t/technicalanalysis.asphttps://www.investopedia.com/terms/s/sp500.asphttps://www.investopedia.com/terms/r/resistance.asphttps://www.investopedia.com/how-to-invest-in-ai-7504987https://www.investopedia.com/terms/s/support.asphttps://www.investopedia.com/articles/active-trading/020415/top-strategies-mastering-pullback-trading.asphttps://www.investopedia.com/terms/p/pricetarget.asp

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