Andersons Inc

ANDE remains in a Stage 2 advancing regime with strong medium-term momentum confirmed by the active Momentum Breakout. Price is significantly extended and overbought above rising EMAs and the 50 DMA, suggesting that immediate entry may be untimely. We defer buying and will engage on a pullback into the rising 9/21 EMA zone to align with bullish structure and low transition risk.

• ↑Q1 net income jumped to $33M ($0.97/sh) vs $4M ($0.12/sh) year-ago
• ↑Adjusted EBITDA rose to $91M from $57M, with operating cash flow at $68M
• ↓Profitability metrics remain weak, reflecting difficulty converting revenue into profit