Small Cap Semi Stock Poised for Breakout to New Highs
Impinj (PI) shares are coiled in a bull pennant and closed Friday just above monthly value and the 8/21 EMA held as support. The stock has been a strong performer so far this year and has seen insider buys in late February during the small pullback it had to the 55 day EMA near 120. PI has a MACD bull cross confirming the breakout setup here above 135 likely bringing a move to 145 prior highs and potential to see 150 on a strong push to highs for the small cap Semiconductor name.