CDW Corp

CDW is in a Stage 3 distribution with rolling down-sloping EMAs and a bearish exhaustion signal at recent highs. Price has rejected the 9 and 21 EMAs and broken below intermediate support, reinforcing a medium-term bearish bias. Short-term timing favors further downside continuation, warranting a sell now at the breakdown of the 50 DMA support zone.

• ↑Q1 2026 revenue of $5.5B (+9% YoY) with net income growth.
• ↑Returned $282M capital (201M buybacks, $81M dividends), 112% of FCF.
• ↓SG&A expenses rose 14.6% vs. revenue +9% YoY, pressuring margins.