Second-Quarter Earnings BeatFor the second quarter, Palantir reported year-on-year revenue growth of 93% to $1.94 billion, beating expectations by approximately $136 million. Adjusted earnings reached 41 cents per share, topping consensus estimates of 30 cents. U.S. clients accounted for 38 of 44 new customers.DA Davidson analyst Gil Luria reiterated a Buy rating and raised his price forecast from $175 to $200. Luria wrote, “Palantir has several competitive advantages over all other software companies, which is becoming more pronounced in the era of AI, helping the company provide guidance substantially above expectations.”Bearish Short PositionsPalantir Stock: Key Levels and Momentum IndicatorsEven with the premarket pullback, Palantir is still trading 17.7% above its 20-day SMA ($131.43) and 17.7% above its 50-day SMA ($131.42), which tells you the intermediate trend has been strong. At the same time, it’s only 1.5% above the 200-day SMA ($152.44), keeping the stock close to a key "line in the sand" that many longer-term traders watch.Momentum is leaning constructive: MACD is above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing.The moving-average structure is mixed, and that’s the main longer-term tension to watch. The 20-day SMA is above the 50-day SMA (bullish), but the 50-day SMA remains below the 200-day SMA after the death cross in February, which is a reminder that the bigger-picture trend only recently started trying to repair.