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$PEN bullish #cupandhandle breakout on daily #chart

Long
Penumbra, Inc. (NYSE:PEN)  
RA_Capital  
NYSE:PEN   Penumbra, Inc.
Chart Patterns Technical Indicators Technical Analysis bullishpattern bullishbreakout stockcharts
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chartpattern indicator technicalanalysis bullishpattern bullishbreakout stockcharts
Daily chart of $PEN has a beautiful C&H breakout this week with a close above the cup neckline
Stock price trades above all major daily MAs (20,50, 200)
MACD and RSI both in expansion mode with plenty of room to go until overbought conditions will be reached
Measured target from the pattern is around 264.62

Good luck,
TA
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