Impinj Inc. (NASDAQ: NASDAQ:PI ) sent shockwaves through the semiconductor industry as its stock soared by 26% in after-hours trading following an impressive earnings report that surpassed Wall Street's expectations. The Seattle-based Internet-of-Things chip maker delivered a beat-and-raise performance, igniting optimism among investors and driving a surge in...
Impinj ( NASDAQ:PI ), a trailblazer in RAIN RFID technology and a key player in the Internet of Things landscape, is gearing up to unveil its financial performance for the first quarter of 2024. The anticipation surrounding this announcement is palpable, as investors eagerly await insights into Impinj's progress and prospects.
Scheduled for release after the U.S....
After breaking the $100 psychological key level, a trend line and the middle channel line above I'd see the upside to continue. Areas marked to look out for. Target at $114.
Impinj, Inc. (NASDAQ: NASDAQ:PI ), a prominent RAIN RFID provider and trailblazer in the Internet of Things (IoT) landscape, has announced the successful resolution of its patent litigation with NXP Semiconductors N.V. The settlement, detailed in an 8-K filing with the U.S. Securities and Exchange Commission, marks the conclusion of a prolonged legal battle,...
Impinj is showing a really nice amount of strength following comments from the chip company saying that they are expecting Q4 revenue to top guidance. Couldn't have come at a better time as chip companies like AMD and NVDA may be continuing their run soon. Should be interesting to see the kind of action we get from this level..stay tuned.
Impinj Inc. (NASDAQ: NASDAQ:PI ) has set the stage for a compelling narrative as its shares soared 11.7% in after-market trade following the announcement of robust preliminary earnings results for the fourth quarter of 2023. The RFID manufacturer's stellar performance has not only exceeded its own guidance but has also defied expectations, providing investors...
I drew another parallel channel on the daily and it seems that it hit the low if the channel, at mid 85's. I took some calls and had did not have the guts to hold over the weekend and closed my position +20%. Will look into the flow this week and see if it can take the last red candle.
Not a financial advice. Please do your research.
Thanks
$PI I've been watching this stock for a few months and have yet to make a trade. I do however, like how it's consolidating here in a tough market. I have an alert set when/if it breaks above the short downtrend line to take a long position. Of course it could also break down. Let's see what happens. Ideas, not investing / trading advice.
Notes:
* Strong up trend on all time frames
* Great earnings QoQ
* Created a break away island on last earnings report
* Held the gap as support around 105.54
* Tried to break out of the base but pulled back to its 20 day line
* Offering an early entry as it's close to its 20 and 50 EMAs
* When I last mentioned this stock it was breaking out of a cup and handle...
Stock breaking out after digesting a great reaction off of earnings. Earnings growth on this name are fantastic. Not in a growthy environment, but this name is certainly one of the best-looking growth stocks out there at the moment.
$PI is my favourite setup right now. Holding a really nice earnings gap on positive earnings. Nice base forming and knocking on the breakout pivot. I don't think we'll be so lucky to get a perfect entry here but certainly one to watch closely.
I am 25.8% invested. Not planning on adding to risk tomorrow unless we see a good run up with my own stocks putting in some distance from entry.
So that said, I wont be taking $PI if it triggers.
Playing these short and obvious breakouts to new highs has not been paying off.
Notes:
* Strong up trend on higher time frames
* Excellent earnings track record
* Basing for the past ~10 months
* Forming a cup and handle pattern while basing
* Printed a pocket pivot signal, indicating institutional buying
* Volume on the daily and weekly time frame seems to be increasing as well
* Strong resistance around the $90 area
Technicals:
Sector:...
$PI potential next bull market leader putting in 5 touch trendline line setup ahead of its earnings after the close tomorrow.
I much rather let this move out after that and put in some type of pivot around $95
Worth keeping close watch on this one guys and girls.
