$CRDO down 21% on an earnings beat.
Revenue $479M beat, EPS $1.20 beat, both above the high end of guidance. Raised FY27 growth guide to 85%+. Margin dipped to 64.5% from 68.2% and the beat was smaller than prior quarters, but this is still triple digit growth for the 7th straight quarter.
Feels like an overreaction...
$QCOM just poked above the 200MA for the first time after weeks of consolidation below it.
50MA (172) and 100MA (181) still stacked overhead and flattening, so nothing's confirmed yet, this is still repair mode.
Let's see if it can hold
$META reclaiming the 9/21 EMA (569/575) with price at 578.
Still under every major MA though. 592 (50MA) is the first wall, 607 (100MA) is the bigger one, and 622 (200MA) is still sloping down, confirming the broader downtrend is intact.
This is a relief bounce inside a downtrend until proven otherwise. A close above 592 opens the door to 607. Lose 569 and the bounce is probably dead.
Bulls defending the lows or bears about to reload?