Palantir (PLTR) has become a new momo favorite stock. It has jumped over the last week on heavy momo buying. Momo is aggressively buying the stock in the premarket. PLTR is trading at $16.37 as of this writing in the premarket. The company will report earnings after the close today. The momo crowd is making wild predictions about great earnings that will be released. In reality, the company is very secretive with a lot of government contracts. There is not any legally obtained information that would conclusively provide the reason behind over 60% move ahead of the earnings. Those in the stock may consider taking profits and exiting the position.
This post was just published on ZYX Buy Change Alert.
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