Kenvue Inc

KVUE remains in a Stage 2 advancing regime under a strong Lockout Rally continuation, with medium-term bullish polarity despite a multi-year downtrend. The recent pullback into rising EMAs provides a tactical buy entry, supported by the active Lockout Rally override that justifies immediate participation even in overbought context. Primary risks include a deeper retracement below the EMAs and a failure to sustain above the 50-day SMA, which would invalidate the bullish bias.

• ↑Tylenol brand share resilient: 12 quarters growth, 61.6% gross margin.
• ↑Marketing spend up ~20% to drive brand equity and sales.
• ↓Organic sales down 4.2% in Q2; full-year growth below guidance.