PriceSmart Inc

PSMT shows early signs of distribution in Stage 3 with a bearish exhaustion pattern at a marginal new high, confirming a medium-term sellable setup despite a longer-term uptrend. Price has rejected at short EMAs and pulled back into a key resistance zone, creating a near-term timing edge for selling. Long-term structure remains bullish, but distribution dynamics and pattern implications warrant bearish medium-term bias and immediate execution at reaction to the prior high.

• ↑Q3 revenue $1.48B (+12.5% YoY); diluted EPS $1.28 vs $1.14 prior (+12.3%).
• ↑Opening new clubs in Chile and Costa Rica to expand membership base.
• ↓P/E of 36× vs 17.8× industry average highlights potential overvaluation.