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Impinj (PI) key weekly breakout with bullish signals firing

Impinj (PI) key weekly breakout with bullish signals firing

by | Aug 25, 2021 | Chart SetUps

Impinj (PI) big weekly candle as breaks out of base, above key MAs, above VWAP off highs, and MACD crossing bullish and RSI surging through the 50 level. The $1.24B maker of connectivity products trades 7.6X EV/Sales with revenues seen growing above 20%/year with its strong positioning in RAIN RFIS and margin expansion potential. Impinj had record bookings for the third consecutive quarter in 2Q21, with endpoint IC demand particularly strong, as companies’ need and desire to digitize and virtualize enterprise operations continues to accelerate