Spok Holdings Inc

Despite a long-term downtrend confirming structural bearish bias, the asset’s extreme oversold condition and mean-reversion eligibility support a bullish medium-term opportunity. Short-term execution awaits evidence of stabilization or absorption at historical support zones near recent lows. We will defer entries until price shows constructive behavior within the demand range.

• ↑Q2 software bookings surged 92% sequentially, underscoring software pivot
• ↑Over 80% of revenue is recurring, providing stable cash flows
• ↓Wireless segment continues to shrink, risking overall sales stability