Plexus Corp

Despite evidence of selling exhaustion, PLXS remains in a Stage 4 decline under the 9/20/50 EMA band. Price rejection at these moving averages and a confirmed Bearish Pivot Point underscore medium-term bearish momentum. While the long-term trend remains supported by the rising 200-day SMA, short-term conditions favor immediate bearish execution into resistance. We sell now on strength around the EMA cluster, targeting further downside toward major support.

• ↑Q3 revenue $1.305B (+28% YoY) and EPS $2.32 beat estimates
• ↑Operating margin improved to 6.3% on effective cost management
• ↓Tight supply chain may hamper production scaling and cost control