Myers Industries Inc

Although the recent support failure and lower highs signal continued downside pressure, extreme oversold conditions across RSI and Options Score support a medium-term bullish mean-reversion stance. Under a momentum-oriented strategy, patient entries should be staged on pullbacks into key moving averages or the 200 DMA rather than chased. The secular uptrend remains intact above the 200 DMA, but further downside needs to be absorbed before committing.

• ↑Q2 revenue rose 9.8% YoY, with infrastructure up 52% and food & beverage up 48%
• ↑Divested low-margin operations to concentrate on higher-margin products
• ↓Weak profitability factors signal challenges converting sales to profit