DNOW Inc

DNOW has broken out of a fragile Stage 1 consolidation on expanding volume, with a Momentum Breakout pattern signaling new demand. Price is holding above repaired 9 EMA and 21 EMA, tracking them closely without visible exhaustion. Medium-term bias is bullish, and short-term timing is favorable as EMAs now support price. Buy now into pullbacks to the rising short-term EMA support or the prior range breakout zone.

• ↑US revenue hit $985 M in Q1, up 29% sequentially and 108% YoY
• ↑Midstream segment demand rising, positioning D-NOW for gas infrastructure growth
• ↓$41 M inventory step-up charges erode profitability