Software Stock Could Bounce After Bullish Crossover

The shares of Palantir Technologies Inc (NASDAQ:PLTR) are 1.1% lower to trade at $153.35 at last check, brushing off a price-target hike to $200 from $180 at UBS. Despite a 14% deficit in 2026, the software stock sports an 83.5% year-over-year lead and has recently cleared a trendline with bullish implications. The trendline in question is the stock's 50-day moving average. Per Schaeffer's Senior Quantitative Analyst Rocky White, this “crossover” event happened seven other times in  the last 10 years, after ...