IGV

IGV has transitioned from a corrective reset within its Stage 2 uptrend, with price holding above rising 9/21 EMAs and the 50 DMA. The sustained acceptance above key moving averages invalidates the prior bearish posture. Neutral OB/OS context and no exhaustion signals support bullish engagement. We will Buy Now on pullbacks into the rising EMAs and 50 DMA zone. A sustained break back below the EMAs would invalidate this bias.

• ↑IGV down 11% YTD; high profitability ratios suggest rebound potential
• ↑Bronze Morningstar Medalist rating indicates better performance vs peers
• ↓11% YTD decline reflects ongoing weak sentiment in software stocks