Itron Inc

In Stage 2 advancing corrective reset, ITRI remains constructive above the 9EMA/21EMA zone, following a Bullish Pivot Point that signals structural repair towards upward mean reversion. Short-term timing is favorable as price tightly tracks rising EMAs without overbought extremes. We will enter on shallow pullbacks into the 9/21 EMA support area to participate in continuation. Key risks include failure to hold short-term EMA support and resistance at the 50 DMA blocking further advances.

• ↑Backlog of $4.4 B supports Q1 revenue of $587 M and 40.7% gross margin.
• ↑Annual recurring revenue surged 28% YoY to $414 M; Outcomes segment +22%.
• ↓Analyst EPS expectation cut to $1.31, implying 19% decline YoY.