Scansource Inc

SCSC remains in a robust Stage 2 advancing uptrend marked by sequential higher highs and higher lows above rising EMAs. However, price is extended well above the 9/21/50 EMAs, with extreme overbought conditions and a bullish exhaustion candle signaling short-term buyer fatigue. We opt to stalk, waiting for a pullback into the rising EMA support zone for more favorable execution. Medium-term bias remains bullish on sustained demand dominance.

• ↑Q3 free cash flow $69M, YTD $119M; minimal debt leverage
• ↑$33M share buyback this quarter; $146M authorization remains
• ↓Net sales fell 6% y/y; Brazil sales plunged 90%