ePlus inc

Although downside exhaustion and a bullish pivot signal structural repair, price is facing near-term resistance. Price holds above the 50-day SMA and rising trendline, while momentum indicators have bounced from oversold. A sustained break above the $87.30–87.85 cluster is needed to confirm a renewed uptrend. Failure to hold $85.00 support would negate this setup.

• ↑Managed services revenue rose 15% YoY to $50M, boosting recurring stream.
• ↑Open orders climbed by $650M YoY to $1.5B+, underpinning backlog.
• ↓Gross margin fell to 23.3% and operating income slid to $38.8M.