Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher.

Palantir stock price continues to fire on all cylinders as it surged to a record high of $112, bringing its 12-month gains to near 1,200%. PLTR has become one of the best-performing companies in Wall Street,