Impinj saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 69 to 72.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if Impinj can continue to show renewed price strength and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a consolidation and break out.
In terms of fundamentals, the company has posted four quarters of increasing earnings growth. Sales growth has also risen over the same time frame. Impinj is expected to release its next quarterly numbers on or around Feb. 5.
Impinj holds the No. 6 rank among its peers in the Electronics-Semiconductor Fabless industry group. Broadcom, NVIDIA and SiTime are among the top 5 highly rated stocks within the group.
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