Itron Inc

ITRI has broken below key support around the EMAs and 50-day SMA, confirming a primary support failure and bearish medium-term structure. Price is currently unable to reclaim the 9/20 EMAs and is pulling back toward the 50 SMA, with neutral RSI failing to show oversold relief. In the context of a declining long-term trend under the 200 DMA, the tradable side is bearish. A rejection at the EMA cluster near 97–98 offers an execution zone for downside participation.

• ↑ARR grew 21% YoY to $417 M with a 41% gross margin
• ↑Resiliency Solutions segment contributed $16 M in Q2, boosting revenue
• ↓Unpredictable project deployments continue delaying revenue recognition