Clarus Corp

CLAR remains in a medium-term Stage 4 decline with bearish structure, but a recent momentum breakout has extended price above the EMAs without clear exhaustion. In the absence of mean-reversion eligibility and with overbought conditions, there is no favorable sell entry now. We defer execution and plan to trim into the overhead EMA resistance zone.

• ↑Q1 revenue up 2.5% to $61.9 M; gross margin expanded 240 bps
• ↑Apparel segment sales rose 10% YoY; outdoor core growth of 7%
• ↓Q1 adjusted EBITDA loss of $1.1 M; free cash outflow $5.7 M