Weis Markets Inc

Despite extreme oversold readings, the dominant medium-term downtrend with clear lower highs and lower lows and price below key EMAs argues against initiating new shorts in a panic environment; instead, defer selling into relief rallies toward the 9/20 EMA and 50 SMA.

• ↑Q2 revenue +4.6% YoY to $1.28B; YTD revenue $2.53B (+4.6%)
• ↑Declared $0.34/share quarterly dividend (34% payout ratio)
• ↓Q2 net income -9.6% YoY to $22.86M; EPS $0.92