Palantir stock recovery faces key $170 test ahead of U.S. CPI
Palantir is trying to extend its rebound after defending the 200-day SMA, while fresh political links keep the company in focus. A clean break above $170 could open the way toward $177.50–180, but today’s U.S. CPI may quickly reshape the setup.
170.83
177.35
NPR reported that Palantir has hired former Democratic Senator Jon Tester as an adviser. The appointment comes as Democrats prepare to increase scrutiny of the company’s government contracts, including projects related to immigration enforcement.
Reuters also reported that the White House has nominated Palantir Chief Information Security Officer Michael LoSapio to lead the U.S. Cybersecurity and Infrastructure Security Agency, or CISA.
A breakout above $170 could extend PLTR recovery toward $180
The scenario outlined previously played out in full. Palantir stock fell toward the $153.70 target, where the 200-day SMA was located.
The price then rebounded and tested resistance near $170. This level will be key today: a break above it followed by a sustained move higher could extend the recovery toward the $177.50–180 zone.
A sustained move below $162.50 would invalidate this scenario. In that case, the 200-day SMA near $153.70 would come back into focus.
U.S. CPI could trigger sharp premarket moves in Palantir
The U.S. will release its October Consumer Price Index today, November 10. According to the official BLS calendar, the report is due at 8:30 a.m. ET, before the regular trading session begins.
The data could quickly reshape expectations for Federal Reserve policy and trigger sharp moves across technology stocks. Premarket traders should be particularly cautious, as lower liquidity can amplify price swings following the inflation release.
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