PLTR Breaks Major Resistance as Uptrend ResumesPalantir Technologies Inc. Class ABATS:PLTRfinvestnomicsPalantir Technologies (PLTR) has broken above the $163 level, which had served as a major resistance zone since February 2026. The breakout signals a potential resumption of the stock’s uptrend following its prior downtrend. Momentum has strengthened further as the 20- and 50-day moving averages have crossed upward, with the stock now trading above both moving averages, supporting the improving technical outlook. Palantir Technologies, Inc. is a $413 billion market cap technology company that develops and deploys software platforms designed to serve as central operating systems for its customers. The company operates through two segments: Commercial and Government. The Commercial segment serves customers across non-government industries, while the Government segment provides services to U.S. and international government agencies. Palantir’s platforms are widely used across defense, intelligence, healthcare, energy, and financial services, supporting data integration, large-scale analytics, artificial intelligence, and operational decision-making. PLTR is a narrow economic moat company that has delivered significant revenue and EPS growth over the last three quarters. The company has an operating margin of 47% and a net margin of 55%, while ROE and ROIC stand at 38% and 37%, respectively. Its current ratio is 7.2x, while its debt-to-equity ratio is just 0.02x, reflecting a very strong balance sheet and minimal leverage. Looking ahead, EPS estimates for the next three quarters are expected to continue growing, which could provide further fundamental support for the stock. The average analyst price target is $197.71, offering a potential upside catalyst if earnings growth and the improving technical structure continue.