Scotts Miracle-Gro Co

SMG remains in a Stage 2 advancing regime with a sustained sequence of higher highs and higher lows alongside rising EMAs, confirming a robust medium-term uptrend. However, the recent breakout leg exhibited a blow-off top and extreme overbought Options Score/RSI, and price is now extended well above its 9/21/50 EMAs and pulling back into those levels. Tactically, entries should be deferred (Stalk) until pullbacks into the rising EMA zone and recent breakout area are absorbed and price shows acceptance.

• ↑Q2 net sales reached $1.75B; management forecasts low single-digit U.S. growth
• ↑E-commerce sales surged 54%, capturing younger DIY gardeners
• ↓P/E at 38x versus 23.9x five-year median indicates overvaluation