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Palantir Technologies (PLTR) stock pushed meaningfully higher on March 23 after the Pentagon designated its Maven Smart System as a “program of record.” PLTR is now trading just below its 200-day moving average (MA). A clear break above the $163 level would signal a long-term trend reversal that may trigger a fresh wave of institutional buying.
Despite the rally on Monday, Palantir shares remain down more than 10% versus their YTD high.