No A.I. Hype in This Stock – This Is Real

Right now, there is a ton of ‘buzz’ around the stock market for any company or stock that can say they are involved with or are using A.I. in their business. But the truth is many companies are just ‘A.I.-washing’ their business when they have really seen little to no improvements quite yet from this revolutionary technology. Now, of course this is certainly NOT the case with all companies as there are also many that are indeed providing valuable A.I.-related services and have found viable avenues to monetize this new tech. The real key here is being able to identify these companies from those that maybe do not quite have very much ‘there’ there yet. The stock I have today is among those that have implemented A.I. the most effectively and frankly the price action in the stock reflects it!

This company provides their customers with powerful software solutions designed to help organize, analyze, and manage massive sets of data. By integrating their A.I.-powered analytics tools, they are now positioning themselves as an invaluable service to many of their government and commercial clients. The stock I am talking about is Palantir Technologies, Inc., symbol: (PLTR). The momentum behind this stock of late has been nothing short of impressive. Currently YTD, PLTR is among the best performing stocks in the S&P 500 as it’s up 89.4%. The chart below has some interesting insights so let’s go ahead and dive in.

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This chart is covering the past six months of trading activity for PLTR and as you can see the stock has performed nicely during this period of time, moving from near $80 to now all the way up to $143 per share. To the Bull’s delight, the stock has recently broken out to new all-time highs, but this outperformance did not happen on a whim. This is why I am sharing this chart with you. In the chart’s lower study, I have featured an OBV line graph. This chart is one of my favorite technicals to confirm the strength of a bullish stock’s trend. Once I confirm a clear technical ‘Buy’ signal, like we have for PLTR, I want to see the stock’s OBV line sloping up, just as we see here. This indicates that there is a strong wave of accumulation occurring in the stock and this bullish trading is providing a strong technical foundation for the trend.

After using the OBV line chart to confirm the durability and momentum underlying PLTR’s trend I will next want to hunt down a potential trade to place to gain some exposure to this great trend! Since PLTR has such strong upside price action and strong buying pressure driving the stock’s move, this makes the stock a strong candidate for a call option purchase trade. When selecting which call option to purchase, I generally will default to a call that is slighting in the money in order to achieve a bit better balance on my trade’s risk/reward ratio. While scanning PLTR’s option chain, I just found one call that at current prices would offer a 103.3% profit potential should the stock rally 10% from here! This trade would be spot on with the type of option I’d look to purchase to trade this HUGE uptrend!

Wishing You the Best in Investing Success,