Haverty Furniture Companies Inc

HVT remains in a pronounced Stage 4 decline with lower highs and lower lows, reinforcing a bearish medium-term bias. Short-term price action is extended below key EMAs with no sign of a bounce, making immediate sell-side execution unfavorable. We recommend trimming into rallies back toward the 9/21/50 EMA resistance zone. A sustained reclaim and acceptance above the 9/21 EMAs with follow-through would invalidate the bearish bias.

• ↑Q2 net sales $194.9M (+7.7% YoY); EPS rose from $0.16 to $0.32.
• ↑Average ticket size climbed 14% to $3,800; design services now 36.5% of revenue.
• ↓Negative profitability factors highlight margin strain despite 61.4% gross margin.