Signet Jewelers Ltd

SIG is in a Stage 2 advancing phase within an uptrend, but price is extended above rising EMAs and in extreme overbought territory. We defer execution and wait for a pullback into the EMA support zone for a cleaner entry.

• ↑Q1 revenue $1.6B (+1.8% YoY) driven by core brands
• ↑Lab-grown diamonds represent ~20% of sales, improving average unit revenues
• ↓Merchandise margin declined due to higher gold costs