SPS Commerce Inc

SPSC is in Stage 2 – Advancing with a confirmed momentum breakout and repaired EMAs. The medium-term directional bias is bullish, but price is currently extended above key EMAs and in extreme overbought territory. Execution is deferred until a disciplined pullback into rising EMAs or structural support provides a cleaner entry opportunity. Long-term downtrend persists, anchoring structural caution.

• ↑100th straight quarter of revenue growth: $192.1M, +6% YoY.
• ↑Recurring revenue rose 7% YoY, driven by 8% growth in fulfillment services across 54,200 customers.
• ↓Amazon revenue recovery business on a negative trajectory, expected to further drag results.