National Vision Holdings Inc

Stage 2 advancing with a Momentum Breakout and higher-highs/higher-lows confirms medium-term bullish bias. Price is extended above rising EMAs amid overbought RSI and Options Score, so immediate entry is unfavorable. We await a shallow pullback into the 9/21 EMA support zone before committing. Low Stage Transition Risk and volume behavior support patience for better timing.

• ↑Q1 revenue $544M (+6.6% YoY) with adj operating margin up 210bp to 10.2%.
• ↑11 consecutive quarters of comp store sales growth indicate sustained higher-margin demand.
• ↓Q1 traffic declined 1.2%, with cash-pay customers notably lagging.