Palantir Stock Fell Below Its 50-Day Moving Average. Where It Could Be Headed Next.

Palantir Technologies stock has fallen below its 50-day moving average and was hovering dangerously close to its 100-day moving average on Tuesday—a sign that it could be headed lower. Palantir was also narrowly above its 100-day moving average of $169.24, after dipping below that level earlier in Tuesday’s session. It has failed to close above the $200 mark since then, despite Palantir posting what CEO Alex Karp called “arguably the best results that any software company has ever delivered.”