Alphatec Holdings Inc

ATEC has broken out of a multi-month consolidation on strong volume, confirming a Stage 2 accumulation breakout and an active Higher Highs & Higher Lows pattern for a medium-term bullish bias. However, short-term price is extended above the rising 9/20 EMAs without a pullback, limiting immediate execution. A deferred entry on a pullback into the breakout zone or EMAs offers higher-probability support. The long-term downtrend remains intact below the declining 200-day SMA, warranting caution for sustained upside.

• ↑Q2 revenue of $214M (+15% YoY), surgical revenue $196M (+17%).
• ↑Surgical cases +20% and new surgeon adoption +24% drive growth.
• ↓Profitability score negative; EPS misses indicate shaky profit model.