Penumbra, Inc. (NYSE:PEN) Spiked Up 2.0% – Here’s Why

For its latest trading sesion, Penumbra, Inc. (NYSE:PEN) spiked up by 2.0% – here is what that looked like (as of 2019-12-24):

Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.032, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 3.023, an Accumulation/Distribution Index (ADI) of 3.023, an On-Balance Volume (OBV) of 1932.798, and a Chaiikin Money Flow (CMF) of -159.09. 1.585

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

That is what an analysis of technical indicators seems to indicate for Penumbra, Inc. (NYSE:PEN). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.