Installed Building Products Inc

IBP is undergoing a Stage 2 corrective reset within its longer-term uptrend, with a medium-term bullish bias reinforced by an active Higher Highs & Higher Lows pattern. Short-term execution is neutral as price pulls back into the 9/21 EMA cluster amid mid-range RSI and overbought conditions. We will patiently stalk for a pullback into the EMA support zone or lower consolidation range before engaging, while a decisive close below these levels would invalidate the current bias.

• ↑Heavy commercial segment sales grew 20%+, offsetting residential weakness
• ↑Operating cash flow rose 11% to $102 M in Q1, underlining liquidity
• ↓Q1 net revenue declined 4% to $661 M, led by 6% residential sales drop