Raymond James Financial Inc

RJF remains in a Stage 2 advancing phase with higher highs and higher lows since late August, supported by rising EMAs. Medium-term bias is bullish, but short-term price has pulled back below the 9 and 20 EMAs into the 50 EMA and prior support zone near 170–174. Execution should be deferred on a cleaner pullback holding this level, looking for signs of acceptance and continuation of the trend.

• ↑Q3 revenue $3.93B (+16% YoY, +2% QoQ)
• ↑Adjusted EPS a record $3.14
• ↓Weak profitability factors suggest thin margins