Alamo Group Inc

ALG remains in an early Stage 1 consolidation after a downtrend, with price stabilizing in a sideways base near the $162368 range. The primary Higher Highs & Higher Lows pattern indicates demand consistently dominating supply and structural repair. Price sits above rising 9 EMA and 21 EMA, underpinning a medium-term bullish bias. Short-term pullbacks into the EMA zone offer favorable execution. Breakdown below the EMAs or failure to expand volatility would invalidate the setup.

• ↑Q1 sales $417.1M (+6.7% YoY), with industrial equipment up 18%
• ↑Quarterly dividend $0.34/share (+13%) underlines cash flow strength
• ↓Q1 operating cash flow -$23.5M, raising liquidity concerns