Centuri Holdings Inc

CTRI is forming a bullish mean-reversion base after capitulation at extreme oversold levels. Price is stabilizing just above the flush-low support but remains below the short-term EMAs. Medium-term bias is bullish under a mean-reversion regime, while the long-term trend remains bearish. We will wait for price to reclaim and hold above the 9-day EMA on expanding volume before initiating a position.

• ↑Q2 revenue reached $962M (+25% YoY), driven by data center projects.
• ↑Backlog at $6.4B (+21% YoY) with $16B pipeline (+23% QoQ).
• ↓Still unprofitable in Q2 with negative $7M free cash flow.