Pitney Bowes Inc

PBI is exhibiting Stage 3 distribution, evidenced by a breakdown below the 9-, 20- and 50-day EMAs and a clear Lower Highs & Lower Lows pattern. The medium-term bias is bearish, but short-term indicators like an oversold RSI and OS status warn against aggressive selling now. The recommended posture is to trim positions on any relief rallies rather than adding new shorts in deeply oversold territory.

• ↑Q2 2026 revenue $900 M (+5% YoY) and adjusted EBIT $125 M (+8% YoY).
• ↑Free cash flow reached $70 M in Q2; >$200 M net debt reduced in four months.
• ↓Revenue guidance trimmed by $50 M as PreSort struggles with churn.