Red Violet Inc

RDVT remains in a clear Stage 2 advance, with higher highs and higher lows above rising EMAs confirming sustained demand. After a shallow pullback into the 20-day EMA, price is holding support and tracking tightly along the EMA stack, while RSI and options sentiment show no exhaustion. The medium-term bias is bullish, and short-term timing aligns with a pullback entry. Buy now on this consolidation near the EMA20 and prior breakout zone, risking a break below the 50-day SMA as the key invalidation.

• ↑Q2 revenue $26.7m (+23% YoY), net income $5.0m (+85%) and adj. EPS $0.50
• ↑76% gross margin and 42% adjusted EBITDA margin reflect strong pricing power
• ↓Shares at ~$71.19 trade ~67% premium to $42.61 fair value estimate