Palantir Technologies (NASDAQ: PLTR) has consistently delivered strong results for investors in the past two years. That consistency has also been seen in the PLTR stock price. For several earnings cycles, the company’s stock price has formed a consolidation pattern in the lead-up to earnings. In every case, this has been an example of the stock taking a breather in preparation for the main event, the quarterly earnings report.
After these reports, PLTR stock has pushed to new highs. The stock formed a similar pattern in October. However, news on both the government and commercial sides of the company’s business sent PLTR stock to new all-time highs before its Nov. 3 earnings report.
