Axos Financial Inc

AX is in a Stage 4 decline under a Lower Highs & Lower Lows pattern, trading below declining 9/20/50 EMAs. Despite extreme oversold readings, no exhaustion signal has emerged. We will sell now, using any rallies toward the EMA cluster as confirmation of continued downside momentum.

• ↑Q2 net loan growth of $1.6B drove EPS +23% YoY and ROAE above 17%
• ↑Verdant acquisition added $150–200M in loans, supporting low- to mid-teens growth
• ↓Net interest margin declined to 4.57%; FDIC loan yields add just 10–15bps