Buyable Gap Up - PI 9-1-16

Published : September 1 2016 at 9:34 ET

RF identification (RFID) solutions company PI is having a buyable gap up on strong earnings.

We reported on PI on its recent pocket pivot. We wrote on 8-30-16: "PI should be bought closer to support to minimize risk. Risk control is always the most important rule in investing."

Later that day, it traded close to its 10-day moving average.

RFID tags allow companies to better track their supply chains. It is a thinner name with no earnings so it is a more speculative play, but its technicals are looking strong.

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