PC Connection Inc

CNXN remains in a Stage 2 advancing uptrend, but price is extremely overbought and extended significantly above the 9EMA and 20EMA. With no primary active patterns and RSI near overbought levels, near-term fatigue is likely. Engagement should be deferred until there is clear acceptance of a pullback into the 9EMA/20EMA zone.

• ↑Q1 net sales grew 3% YOY to $721.9M, net income jumped 27.8% to $17.2M.
• ↑Gross billings rose 4.3% to $1B, reflecting resilient customer spending.
• ↓Public sector solutions sales fell 31% YOY after non-recurring large contracts lapsed.