Standex International Corp

Price has just broken out on elevated volume, confirming strong demand, but extreme overbought readings and significant extension above rising EMAs suggest waiting for a shallow pullback into the breakout zone or moving averages before buying. Bulls remain in control on the medium-term, but patience is required to improve the risk/reward.

• ↑Q1 revenue rose 27.6% YoY to $217.4M, driven by electronics and aerospace
• ↑New product launches added ~300bps growth; 15+ planned this fiscal year
• ↓Current share price exceeds GF Value estimate of $211, raising valuation risk