IQVIA Holdings Inc

IQV remains in a Stage 2 advancing regime with clear medium-term bullish permission driven by higher highs/lows and the active Lockout Rally pattern. Despite overbought conditions, the Lockout Rally override justifies immediate participation as price holds above rising 9/21 EMAs with shallow pullbacks. Long-term structural sideways context tempers overall conviction and suggests caution around extended levels.

• ↑Q1 revenue $4.15B (+8.4% YoY), topping estimates
• ↑Record backlog of $34.2B, $8.9B due to convert over 12 months
• ↓Pass-through bookings were unusually low, squeezing service margins