NVE Corp

NVEC has decisively broken below key support in Stage 3 distribution, with moving averages now capping rallies and volume skewed to down days, indicating sustained selling pressure. The medium-term outlook is bearish, but price is extended below EMAs and prior support turned resistance, suggesting better sell entries on a pullback. Long-term trend remains up, anchoring potential for future recoveries, but execution requires patience until price rejects from the 50-day or reclaims area. We will defer aggressive selling until a failed reclaim of resistance confirms continued breakdown.

• ↑34% YoY non-defense product sales drove 5% revenue rise to $7.65 M
• ↑Generated $16.7 M cash flow from operations, supporting $1/share dividend
• ↓Elevated leverage heightens risk if revenues falter