EMXC

EMXC remains in a Stage 4 decline with the Bearish Pivot Point signaling failed upside control. Price is trading below declining 9/20/50 EMAs amidst extreme oversold conditions. Medium-term bias remains bearish, so we will trim into rallies near the EMAs rather than chase further downside.

• ↑Q2 2024 revenue $120M, up 25% YoY
• ↑Net income rose to $15M from $10M YoY
• ↓Debt-to-equity ratio 2.5x heightens refinancing risk in rising rates