Greenbrier Companies Inc

Though GBX is in a Stage 2 advancing environment and has cleared multi-month resistance on a Momentum Breakout, price is currently extended above the rising 9 EMA and 21 EMA into overbought territory. We will stalk for a pullback into the 9/21 EMA zone and prior resistance area to align with the medium-term bullish bias.

• ↑Q3 operating cash flow of $159M bolsters liquidity and dividends
• ↑Dividend increased 6% to $0.34/share, yielding 2.88%
• ↓Q3 revenue of $576.5M missed expectations; net income down to $18.9M