Analyst average price target as of April 1/2024 was $280
Falling wedge?
Support around 207 and more at 200
Looking to enter around 207 for a swing trade.
Penumbra, Inc. is a global healthcare company focused on innovative therapies. The company designs, develops, manufactures, and markets innovative devices and has a broad portfolio of products that addresses challenging medical conditions and significant clinical needs across two major markets, neuro and vascular.
Pricing and Performance
Currently priced at...
Hey my friends, PENUMBRA is in a very important moment in its history we can witness a new historical high. It's in a fake bearish move with a long-legged doji and a weak explosion in traded sell volume. In the TIMEFRAME M1 we see a hammer candle with a high volume of sales emitted she wanted to test the base of the bollinger.But it was also a failure at the...
PEN is on an upward trend as seen with the three sets of Higher Highs and Higher Lows.
We are in the midst of the 3rd "Higher Low" right now. It will likely fall somewhere around here, so right now is the perfect entry point.
I set a Stop Loss around $183.55 because this is the low point of the previous "Higher Low." If the price falls below this point, the...
this is clearly going to continue higher, but the real question is where can we enter. look for a test of my bottom trendline. once that comes (190-220) enter with a tight stop. just an idea! it could continue higher from here. :) gl ! leave a like <33
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
